Florida residents like you spend your entire life crafting, maintaining and caring for your estate. It goes without say that you want someone to take care of it after your death. This will allow your beneficiaries to enjoy it without going through legal hassles and hardships.
The best way to ensure this happens is by relying on a trustworthy executor. So how do you go about finding one?
What are professional obligations of executors?
Forbes discusses desirable traits in an executor. Most of them have to do with your executor’s professional ability. This is because they will act as a contact point for your attorney and any financial advisors you have. Your beneficiaries will contact them, too. Thus, they should have a strong ability to communicate and work well with others.
Experience working with financial advisors also helps. They will consult these people in order to fulfill their financial obligations as your executor. And speaking of obligations, executors have a lot of them. You want to pick someone who can shoulder this burden responsibly. Desirable skills include:
- Organization
- Time management
- Prioritization
- Self-discipline
- Leadership
They should feel comfortable heading large projects and acting in a director’s position. After all, everything is up to them. They should also work well with others and take advice well. It helps if they have experience with mediation too, just in case things get difficult with your beneficiaries.
Valuing personality and views
Of course, you should still value personality and viewpoints, too. After all, you want your estate run and managed by someone who holds similar viewpoints and beliefs as you. It helps if they understand your personal and family situations. But these traits are often secondary to professional skill, which is of utmost importance in estate management.