Protecting a Tennessee estate starts with creating a last will and testament. Choosing the right executor for the will is important to ensuring the final wishes of the deceased happen. These tips can help someone determine the right person to be their executor.
Forbes recommends choosing someone who has high attention to detail and takes their responsibilities seriously. Since the execution of the will may take up to two years, they should be someone the person trusts to see it through to the finish. The executor should ideally have some experience working with financial professionals to properly see the estate successfully passed along.
Since the executor may have to step in to arbitrate family disputes, it is wise to choose someone who is mature and understands the estate owner’s values. Choose a person who is available to execute the will to avoid the court disapproving of the choice. Some may consider choosing a family member as a co-executor, but keep in mind that this too may pose some issues in the execution of the estate.
The Spectrum notes that most people choose a family member as their executor. Beyond that, a trusted friend can fill in as the executor if an obvious family member choice is not apparent. If none of those are options, people can choose a third-party executor such as a trust company.
Using a third-party executor can cost the estate, but they may still be the best option in some cases. Regardless of who a person chooses, the named executor should grant their permission before being named on the documents.