Who Should I Choose as My Executor in Pennsylvania?
Choosing your executor is an important step in the estate planning process. While many people simply choose the first person who comes to mind, there are a number of things you should keep in mind before making this decision. Although you won’t be around to witness the actions of your executor, they can have a massive impact on how your will is handled. It’s important to choose someone that you trust in Pennsylvania – but what other considerations should you keep in mind?
When approaching the estate planning process, it’s always a good idea to work with an experienced, qualified attorney who understands the ins and outs of this legal process. An estate planning attorney can help with many aspects of this process, and they can help you choose an executor who you can depend on.
What Does An Executor Do?
Also known as a “personal representative” in the state of Pennsylvania, an executor is responsible for protecting your property until debts and taxes have been paid. After these matters have been settled, the executor oversees the transfer of the remaining assets to your beneficiaries.
If you have set up a living trust, the person who oversees your trust is called a “trustee.” While an executor and a trustee have many of the same responsibilities, they are actually two separate roles.
Who Should I Choose?
At the end of the day, the choice is completely up to you. A good starting point is to choose an executor who is responsible and dependable. Another tip is to choose someone who is good with finances – perhaps a younger family member who has started their own business. The biggest thing you need to keep in mind is that your executor will need to act in a trustworthy, honest manner.
Who Cannot Act As An Executor?
There are few restrictions on who can act as your executor in Pennsylvania. As long as someone is of “sound mind” and over the age of 18, he can fill this role. It’s worth pointing out that even if someone has been convicted of a felony, they can still act as an executor in Pennsylvania. Many other states do not allow this.
Can An Attorney Act as My Executor in Pennsylvania?
There is no law in Pennsylvania that would prevent you from choosing your attorney as your executor. As long as you trust the individual and have a good relationship with him, an attorney could be a good choice to act as your executor. Pretty much anyone who acts in a professional, unbiased manner will likely have your best interests at heart when acting as an executor.
Enlist the Help of a Qualified Attorney Today
If you need help with choosing an executor or any other aspect of your estate planning process, reach out to the Northeastern Pennsylvania estate planning attorneys at Needle Law Firm today. We’ll help you put your affairs in order.