There are a couple of people that you need to appoint when making an estate plan is one of them is the executor of your will. The executor is in charge of overseeing probate. This person is in charge of taking an inventory of the assets and properties of the deceased, finding the beneficiaries and heirs, and filing for taxes. If there are litigation issues when it comes to the estate, it is also the role of the executor to oversee the resolution of these issues.
Because of such an important role, see to it that your executor is someone who has the right skills and knowledge to do the job. Make sure the executor has a good educational background and has excellent managerial and problem-solving skills. The executor should also have good organizational skills in order to get the job done properly.
Don’t just appoint anyone. It has to be someone who has the time to oversee the distribution of the estate and that can take up a lot of time. Always check the availability of the executor.
Choose an executor who is willing to do all these. If there is someone in your mind, talk to that person. Most people choose their spouse or an adult child.
When it comes to estate planning, make sure you hire lawyers in Vancouver to help you out. With the help of lawyers in Vancouver such as Lakes, Whyte LLP, you can be assured that you will cover all grounds and not miss anything in your estate plan.
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