Choosing an executor for your estate takes careful consideration. It’s not unusual for an individual to select one or more of their children for the task, likely believing there is no one better to honor their final wishes.
But there are some excellent reasons why leaving the job to a professional may be better.
Managing grief and paperwork at the same time
After the passing of a loved one, family members need time to mourn. An estate executor’s job starts with filing a petition with the court to open probate. Rather than processing their grief, they are processing paperwork. Asking a grieving family member to take on the responsibility of managing an estate only adds to the emotional strain they are already feeling.
Naming a family member as the executor can also lead to conflicts. Siblings that had previously had a good relationship can end up in disputes. Family dynamics can be complicated, and death can sometimes exacerbate existing tensions. Relatives may start to question the executor’s decisions, potentially ending in legal challenges.
Serving as an executor is time-consuming and involves navigating complex legal and financial processes. Someone with a full-time job, family obligations or other commitments might find it challenging to dedicate the required time and effort. They may also struggle with the tasks, leading to mistakes and delays and complicating the estate settlement.
Furthermore, an executor is supposed to make impartial decisions in the best interest of the estate and its beneficiaries. Your family member might find it difficult to remain objective, especially when making decisions that impact their own inheritance.
Other options exist other than appointing a family member as the estate executor. You will want to appoint someone with expertise and impartiality who can help ensure your estate is managed efficiently and fairly.