Pennsylvania residents put a lot of thought into your life. It makes sense that you should also put a lot of thought into how you want to handle your end of life matters. To this end, creating an estate plan is important. And what is one of the most crucial parts of a good estate plan?
An executor. This person will handle your business when you no longer can. For this reason, you must ensure that you pick the right executor for your life and your estate. But how do you know who the right executor is?
An executor who fits your needs
Forbes goes into detail discussing how to find a good executor for your estate. They note that some executors are good on a technical level. But this means nothing if they are not good for you on a personal level. Finding the right executor is a balancing act. You must choose someone who fits your personal needs. At the same time, they must also have the skill necessary to manage your estate well.
Leadership skills in executors
First, there are the objective skills of a good executor. These skills often tie to a person’s leadership abilities. After all, an executor is a “managerial” position. They handle matters of your estate. They communicate with your loved ones. They are often the connection to your attorney, too. This means they should have strong organizational skills. They should have good communication as well. People skills do not hurt, either.
Subjective skills of a good executor tie into how they interact with you on a personal level. Do they hold the same beliefs? Do they have similar core principles? Would they answer questions in a way like you? Knowing that they would may give you peace of mind. A good executor strikes a balance between these two sides.