How to choose an executor by Calgary Legal Wills lawyer - PowerPoint PPT Presentation

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How to choose an executor by Calgary Legal Wills lawyer

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  1. How to Choose an Executor? By: Russ Weninger Calgary Legal Wills Lawyer

  2. In a will, an executor has a tremendously important job.

  3. Different titles for Executor • Executrix (if female) • Trustee • Personal representative

  4. Duty of an Executor • Regardless of the title used, the job of the executor is to make sure that the instructions set out in your will are followed.

  5. Considerations in choosing an executor: • Location • Relation • Cooperation

  6. Location • It matters a great deal where the executor lives. • If he or she lives near you and your assets, it will likely be relatively easy for your executor to act for your estate when necessary

  7. Relation • In Canada, an executor is typically someone who is closely related to you.  • In most cases, spouses and adult children are the best choices for executors. • For single people without children, siblings are often good choices.

  8. Cooperation • Ask your prospect the following questions: • Are you willing to take on the responsibility? • Are willing to follow the instructions you have set out in your will? • Can you get along with the other beneficiaries? •  A cooperative person who will happily follow the provisions of your will is likely a good candidate.

  9. Hire Russ Weninger for your Calgary Legal Wills needs. He has years of experience being an executor of a will. • Email: russ@russweninger.com(403) 265-4496Suite 300, 404 - 6th Avenue SW Calgary, AlbertaT2P 0R9 • http://www.calgarylegalwills.com/