It’s not always easy to pick someone to handle your estate after you’re gone. You want someone who will respect your wishes and handle everything with care. But how do you know who the right person for the job is? Understanding the role and the qualities needed can help you decide.
What does an estate executor do?
An executor takes care of your estate and final wishes after you pass away. Their main tasks include:
- Gathering and protecting your assets
- Paying off debts and taxes
- Distributing your property according to your will
- Closing your estate
The executor must handle these duties honestly and carefully. They must follow your will and Oklahoma laws.
Legal requirements for executors
Oklahoma has rules about who can be an executor. The person must be at least 18 years old and of sound mind. They cannot be a convicted felon. The court can remove an executor who doesn’t meet these requirements. Choosing someone who fits these legal criteria can prevent problems later.
Personal traits of a good executor
While meeting the legal requirements is essential, it’s equally important to consider the personal traits and characteristics that make someone a solid choice for the role. Some solid attributes to consider include:
- Trustworthy: Your executor will handle your money and property. Pick someone you trust to follow your wishes and act in your best interests.
- Organized: Settling an estate involves many tasks and deadlines. A person who stays organized and on top of details will do a better job.
- Good with money: Your executor will manage your finances, pay bills and handle taxes. This will be easier for someone who’s good with money and understands basic financial concepts.
- Emotionally stable: Probate can be stressful. Choose someone who can stay calm and make good decisions even in tough situations.
- Available: Make sure your chosen executor has the time and willingness to take on this responsibility.
When you think about these traits, you might find that the best person for the job isn’t who you first expected. It’s okay to look beyond close family members if you know someone else who’s a better fit.
Choosing an executor is an integral part of planning your estate. By understanding the role and what makes someone a good fit, you can make a choice that gives you peace of mind.