It is certainly a title of honor to be named the executor of the will of a trusted friend. However, it can also be an overwhelming task, especially if you are faced with a large or diversified estate. How can you balance the situations that may come up? Here are three things you can do to make the task a little less daunting:
- Be a Good Communicator – Your job is basically to be a go-between for the courts, the IRS, the beneficiaries, and creditors. That means maintaining contact information for all of the parties involved so you can keep in contact. Keeping records of your communications is also important.
- Focus on Organization – An executor has to deal with a lot of stuff. If you’re not organized, anxiety levels will spike quickly. Having a binder with clearly labeled (maybe even color-coded) folders is a great way to store estate planning documents, statements, policies, contracts, contact info, and other vital data.
- Get Legal Help – An experienced estate planning attorney can help you to sort through a murky last will and testament to make sure you are avoiding the common pitfalls that plague executors.
California Estate Planning Attorneys in San Diego
If you are an executor in the state of California and need legal advice, or if you are planning for the future of your own estate, contact Petrov Law Firm today at 619-344-0360. Our estate planning attorneys can help you to navigate the executorship successfully so that you can fulfill your obligations.Read More