Michigan residents like you who are starting to work on your estate or will have several things to do first. Among them is choosing an executor. This is one of the key pieces to managing your estate. They will handle your matters after you pass away. Because of that, it is crucial that you select someone who is the right fit.
Forbes looks at how you can choose the right executor for your estate. There are several things to look at. This includes their capabilities as a professional and as a person. As a professional, the executor should have strong organizational skills. They should have some measure of experience with taking on complex projects. They should be able to set priorities and manage their time well.
You should also make sure they do not have other obligations. Managing an estate is a time-consuming matter. It takes years to go through probate. During this time, your executor will handle a large chunk of the work. You should not select someone who has big plans on the horizon. This includes anyone who may start a new family or business. It also includes those who are part of the military or have a desire to move.
Your executor should have similar moral codes, principles and thoughts as you. In some cases, they may make decisions on your behalf when you cannot. Because of that, it is important that they answer in a way you would. If you agree on all important matters, then it makes leaving your estate in their care easier for everyone.
