Associate Colin Flannigan regularly advises clients in the practice areas of wills, trusts, estate and incapacity planning, estate administration, residential and commercial real estate, property matters, corporate transactions and business law.
In this edition of Legal Matters, he discusses the importance of having an alternate executor when it comes to your estate planning and some of the considerations to be made when choosing.
When making a Will, often the primary consideration people have is what they want to have for distribution of their estate. But just as important is who you name is as the executor. The executor is going to be the person that stands in your shoes and be your personal representative. They are the one that's going to have legal authority with dealing with the funeral home to make sure what you want to happen with your body is what happens. They are also going to have to go through your personal items that include your house as well as any electronic items including social media accounts. They will be the one to administer your estate and administer any trust in your estate as well.
Just as important for the consideration of who your executor is, is who you want a name is an alternate executor if that first person cannot act. The alternate might have the same duties as your first choice executor and you should take care and considering on what the age and generation of these people are. If the people you name as the first choice or alternates cannot act this can create added complications for administering your estate, including dealing with the funeral home and possibly the public guardian trustee. Just remember estate planning is exceptionally customized if you have any questions please contact us here at FH&P Lawyers.
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