3 Reasons Why Naming Multiple Executors for Your Will is a Good Idea

Choosing an executor for your will is an important decision you have to make. The executor should be someone you trust and someone who has the right skills needed in executing your will in the future. But many people think that they should only name one executor.

However, there are actually some instances when naming multiple executors is a good idea. Here are some of the reasons why this might be a good option for you:

1. It distributes the load

Being a sole executor of an estate is hard. There are a lot of duties to fill and tasks to do. If the executor also has other duties such as a full-time job or he/she is someone who goes away on travels frequently, the person might not have enough time to perform the duties needed from an executor. With a co-executor, some of these roles and tasks can be filled.

2. Specialized tasks can be delegated

 

If you want to name a child as an executor to your assets and finances, for instance, but that child does not know everything about your assets, particularly when it comes to your business, you can name someone else to execute this part of the will. 
 

3. It encourages responsibility and honesty

There have been instances when the executor run away with the money from the estate or have used the money from the estate for personal use. With a co-executor, this can be avoided as they can hold each other accountable.

Aside from a trusted friend or relative, you can also choose to appoint an estate lawyer in Vancouver as an executor. What is great about an estate lawyer in Vancouver such as Lakes, Whyte LLP is that a lawyer already knows the ins and outs of estate law, which will make it easier to execute a will.

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