How To Choose An Executor

Post on 30-Dec-2015

40 views 4 download

description

In Alberta Law, there are preferred considerations in choosing an executor. Calgary Legal Wills lawyer | Russ Weninger can be the very good choice. You can check them out through calgarylegalwills.com. - PowerPoint PPT Presentation

Transcript of How To Choose An Executor

How to Choose an

Executor

Russ WeningerCalgary Legal Wills Lawyer

Executor

• Has a tremendously important job. • Sometimes an executor is called an

executrix (if female), a trustee, or a personal representative.

• The job of the executor is to make sure that the instructions set out in your will are followed.

Preferred considerations in choosing an executor!

•Location•Relation•Cooperation

Location

It matters a great deal where the executor lives. If he or she lives near you and your assets, it will likely be relatively easy for your executor to act for your estate when necessary.

Relation

In Canada, an executor is typicallysomeone who is closely related to you.You typically want to pick someone whois close to you and willing to take on theresponsibility, someone who is aroundyour age or even younger, and, in manycases, someone who will otherwisebenefit from the estate.

Cooperation

The person you’re considering even willing to

take on the responsibility? If the answer is yes,

will this person be willing to follow the

instructions you have set out in your will? If the

answer is also yes, will your choice for executor

to be able to get along with the other

beneficiaries. A cooperative person who will

happily follow the provisions of your will is likely

a good candidate.

Remember, when choosing an executor, think location, relation, and

cooperation!

Contact us today at:

Website: www.calgarylegalwills.co

mEmail: russ@russweninger.com