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If you are planning or administering an estate, one of the most important decisions you will make is who should serve as the estate's executor. The executor is the person who is responsible for carrying out the instructions in your trust or will, paying your debts and taxes, and distributing your assets to your beneficiaries. It is an important role that requires a lot of time, attention, and skill.
Generally, there are two options. One option is to appoint a professional fiduciary as your executor. A professional fiduciary is licensed and regulated by the state to provide fiduciary services, such as acting as an executor, trustee, guardian, or conservator. Some of the benefits of choosing a professional fiduciary are:
Another option is to rely on a friend or family member to serve as your executor. This can be someone who you trust and who knows you well. Some of the advantages of having a friend or family member do the job are:
There is no single answer to who should be your executor. It depends on your personal preferences, the complexity of your estate, and the availability and willingness of your potential candidates. You should weigh the pros and cons of each option carefully and consult with an experienced attorney before making your decision.
If you think it might be time to think through your estate plan, you can:

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Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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