Though many individuals may think that the creation aspect of estate planning is the most difficult part, that notion may not always prove true. After a loved one's death, surviving family members often face the responsibility of carrying out important tasks relating to probate and estate administration. Therefore, Texas residents may want to ensure that anyone they put in charge of the estate feels up to the challenge.
During estate planning, individuals can choose an executor to take on the necessary responsibilities. Those responsibilities include carrying out last wishes, distributing assets and attending to any outstanding debts. If an executor is not chosen before death, the court will appoint a person to attend to the duties. In such cases, the appointed individual may not be the most trusted or desired party.
A variety of factors could come into play when deciding who should serve as executor. A person who lives in close proximity, and is responsible and willing to take on the position, may prove to be a prime candidate. However, gaining the consent of the candidate to ensure that he or she feels comfortable with the appointment is a wise step.
If an individual has conflicting feelings over whether he or she would make a good executor, he or she may wish to gain more information on probate and estate administration. This information could allow them to better understand what specific duties may be expected of them and how they will need to address legal proceedings. Speaking with experienced Texas attorneys could help concerned parties gain reliable knowledge.
Source: nextavenue.com, "Probate, Wills, Executors: Your Estate Planning Questions Answered", Richard Eisenberg, April 7, 2017