How to Choose an Individual to Manage Your Estate

Choosing someone to manage your estate when you pass away is a very big decision, and one that you shouldn’t take lightly. You can choose an individual, organization or institution to manage your estate. Making this decision is one that takes some research and discussion. Here are some of the steps you can take if you decide to choose an individual to manage your estate.

Difficulty: Moderate

Instructions

1. Make a list of people you are considering to be the executor of your estate.

2. Write down each person's advantages and disadvantages.

3. Take family relationships into consideration—the person you choose to manage your estate must be able to act above any family dissention that may be caused by this appointment.

4. Choose a person who knows you, your wishes and your estate well.

5. Think about the grief that people will feel when you pass away—will the executor be able to act and react while grieving your loss?

6. Talk to the person you select to find out if he or she is capable and willing to be the executor of your estate.

7. Tell the rest of your family about your decision and why you made it—this will help ease any pain and dissention about your choice after your death.

Tips & Warnings

• The person you choose will be responsible for any losses in your estate that are caused through negligence.
• If you have children, remember that the executor of your estate may be required to determine their future as well.