The creation of wills is only one step in the estate planning process. When you consult an estate planning lawyer near Tracy or Manteca, you will be asked to designate an executor . The executor is the person who is charged with the task of identifying assets, satisfying liabilities, and distributing assets to beneficiaries in accordance with the will. Finding the right executor can be challenging because, as you’ll learn when you watch this video, executors have difficult tasks to manage that can take months or even years to complete.
Ideally, you should choose someone to manage your estate who has a background in finance or at least is comfortable handling financial matters. Choose someone who is reasonably intelligent and detail-oriented. The expert in this video also explains the surprising reason why it’s advisable to select an executor who has substantial personal assets.