Your estate trustee (or executor) is the person you choose to handle your estate after you die. This position carries a lot of responsibility.
It’s important to choose your estate trustee with care. An estate trustee should possess certain qualities. Some of them are outlined below.
The person you name as estate trustee should ideally be located close to where you live, so that duties can be performed efficiently and without undue expense. When naming an executor, always choose an alternate in the event that the first person you name dies before you or is not able to act.
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Topics: Estate Planning, Trustees
Published In: Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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