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Considerations When Choosing the Executor of a Will: A Guide for Residents of Rochester and the Finger Lakes

When you create a will, generally you should name an executor in your will. If you do not choose to name an executor, the probate court will have to appoint someone to serve in this role instead. Learn more about executor of a will in this presentation.

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Considerations When Choosing the Executor of a Will: A Guide for Residents of Rochester and the Finger Lakes

  1. 1. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 CONSIDERATIONS WHEN CHOOSING THE EXECUTOR OF A WILL A Guide for Residents of Rochester and the Finger Lakes
  2. 2. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 WHEN YOU CHOOSE AN EXECUTOR
  3. 3. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 When you create a will, generally you should name an executor in your will.
  4. 4. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 If you do not choose to name an executor, the probate court will have to appoint someone to serve in this role instead.
  5. 5. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 WHY YOUR CHOICE MATTERS
  6. 6. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Your executor has a lot of responsibility.
  7. 7. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 The executor has to take care of winding up estate affairs, has to handle legal issues, and has to manage property.
  8. 8. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 You want someone who is up to the task.
  9. 9. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 THINGS TO CONSIDER
  10. 10. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 There are many things to consider when you select an executor of your will.
  11. 11. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Some of the following are key characteristics to look for when choosing an executor of your will:
  12. 12. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 ABILITY
  13. 13. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 The person who you select as an executor must be able to carry out the tasks that an executor is required to do.
  14. 14. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Executors have to manage property and care for your investments.
  15. 15. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Choose someone who knows how to do this.
  16. 16. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Executors have to comply with tax requirements and probate rules.
  17. 17. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 An attorney helps, but you need an executor who can find a lawyer and play his or her role in the process.
  18. 18. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 INTEGRITY
  19. 19. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Executors have a fiduciary duty to act in the best interests of the estate.
  20. 20. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 This means protecting heirs and making sure the wishes of the deceased are respected.
  21. 21. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 You still want to choose someone honest, because you do not want your family to have to make a breach of duty claim if an executor starts taking estate assets or otherwise fails to live up to the trust you have placed in him.
  22. 22. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 WILLINGNESS
  23. 23. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 The person you select as an executor has to be willing to fulfill this role.
  24. 24. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 It can be tough to take on the task of serving as an executor when you are also coping with grief.
  25. 25. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 GETTING LEGAL HELP
  26. 26. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 An experienced Rochester and Finger Lakes estate planning lawyer can help you to determine who to choose as an executor.
  27. 27. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 LEARN MORE ABOUT CHOOSING THE EXECUTOR OF A WILL IN NAPLES, NEW YORK
  28. 28. 196 North Main St., PO Box 417, Naples NY 14512 1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817 Click to visit mrobinsonlaw.com. Or call us at (585) 374-5210 to schedule a consultation.

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