Are you an Illinois resident working on your estate plan? If so, it is important to pick your executor. This person plays a pivotal role in how things proceed after your passing. They handle matters of your estate and deal with your loved ones one-on-one. Because of that, it is important to pick the right one.
HuffPost examines key traits to look for in an executor. Some have to do with personal compatibility. Others have to do with how this individual functions on a professional level. For personal compatibility, this individual will make decisions on your behalf. They do this when you no longer can. It is important for you to be on the same so-called wavelength. You should share similar world views, core beliefs and values.
They must also have a level of professionalism. Being an estate executor is not a job for the faint-hearted. This individual should have strong organizational skills and a good leadership ability. They will be the focal point of communication between your estate and other loved ones. They must handle communication well. They should view the estate as a priority as well. This means it is not a wise idea to pick executors who have busy lives. This includes individuals starting new families, planning big moves or launching businesses.
Finding the right executor is a process full of trial and error. You may be looking for a little while. As soon as you find someone who fits your needs, make sure they are willing to take on this big responsibility. After that, you have one less worry.