Who should you name as Executor?

Who should you name as Executor?

Excerpts from the Book - Preserving Wealth - written by Jack Lumsden, MBA, CFP® A common question I received as an advisor is whom should we name as executor in our Wills? The true answer is that it depends on your situation. It usually ends up based on how complicated your estate may be, the projected value and who in your immediate family may be able to do the job. The following excerpt from the Book - Preserving Wealth, provides a starting point for this discussion. “Wow, maybe I’ve been too tough on the government. But who would you suggest I name as executor? I don’t have a wife anymore, and my kids are just in their early twenties and not particularly knowledgeable about finances. I guess Mom knows a lot about money, but she’s getting older, and she probably wouldn’t want the job.” Uncle Wayne replied that there are several ways to go, but that the most common choices for executor include: spousechildren, if capablefriend...
Read More