Executor Estate For
Description
How to fill out Mississippi Petition To Close Estate And Discharge Executor?
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FAQ
An executor is often named by the testator before their death, or else by a court. The primary duty is to carry out the wishes of the deceased person based on instructions spelled out in their will or trust documents. This means ensuring that assets are distributed to the intended beneficiaries.
The executor is overseer, manager, distributor, and possible peacemaker in the execution of your estate plan. What qualities are important? Family members and friends who have demonstrated that they are trustworthy, honest, conscientious, and good with people are the best candidates.
People usually designate one person to serve as the executor of their will, but it is also possible to designate two or more co-executors. Most lawyers advise that one executor is best, as it avoids potential disputes, but there are situations where it may make sense to appoint co-executors.
?You should look for someone who has their own financial affairs in order,? she says. Woo says you want someone who pays a lot of attention to details. ?Depending on your business or your assets, you may want someone with specific types of corporate experience,? says Woo.