How to Hire an Executor. For your loved one’s estate or your will.

E164 Can I Be Your Executor in Another State (Outside New York)?

E164 Can I Be Your Executor in Another State (Outside New York)

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Yes, I can and have served as executor for clients outside of New York. You just need to be aware of the pros and cons.

Pros:

  1. General legal and tax knowledge
  2. Independence
  3. General understanding of process

Cons:

  1. No local knowledge
  2. No boots on the ground
  3. More expensive

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E99 6 Reasons Being Executor is Difficult

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I’ve been executor for hundreds of estates, and there’s NEVER been an “easy” estate. I can only imagine how hard it must be for grieving family.

It’s easy to see why outsourcing/delegating executorship to professionals will be a big thing very soon.

Links:

https://www.newyorkprobatelawyerblog.com/new-york-administrators-and-ex/

http://disinherited.com/executortrustee-must-decide-not-delegate/

https://www.theglobeandmail.com/globe-investor/retirement/retire-family/being-executor-of-a-will-likely-most-stressful-experience-youll-ever-have/article28129702/

https://info.legalzoom.com/suing-executor-21733.html

https://smartasset.com/estate-planning/executor-fees

 

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Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E86 How To Choose The Right Trustee For Your Family Trust 956x538

E86 How To Choose The Right Trustee For Your Family Trust

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Family trusts can give lots of benefits and protections. But only with the right trustee running things.

How to Choose the Right Executor for Your Will 956x538 blog

How to Choose the Right Executor for Your Will [Podcast]

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(1) Trust is Key, (2) Take Age Into Consideration, (3) Put One Person in Charge of the Will, (4) Learn the Residency Rules Where You Live, and (5) Know When a Trust Makes Sense

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4 Unexpected Hazards of Being an Executor 956x538 blog

4 Unexpected Hazards of Being an Executor

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It’s usually seen as an honor to be named the executor of someone’s will. It shows that the deceased trusted you to manage his affairs fairly, in a manner consistent with his wishes. What you may not realize is how stressful, time-consuming, and just plain difficult it can be.

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How to Navigate Family Inheritance Drama With Grace 956x538 blog

E53 How to Navigate Family Inheritance Drama With Grace [Podcast]

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(1) When the Executor Fails to Preserve the Value of the Estate, (2) When the Executor Appears Biased, (3) When a Beneficiary Steals Estate Items, (4) When Siblings at Odds Inherit a Piece of Property Together, (5) When Co-Executors Disagree on How the Estate Should Be Administered

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How to Choose the Right Trustee for Your Estate 956x538 blog

How to Choose the Right Trustee for Your Estate [Podcast]

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(1) Should my trustee be my spouse or child? (2) Should my trustee be my attorney, accountant or other trusted adviser? (3) Should my trustee be a bank or trust company? (4) Would having more than one trustee be my best option instead?

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5 Things You Need to Do as an Executor of an Estate 956x538 blog

5 Things You Need to Do as an Executor of an Estate

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Summary: (1) Review the will; (2) Handle the care of any dependents or pets; (3) Find important documents…

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5 Factors For Choosing An Executor In Your Will 956x538 blog

5 Factors For Choosing An Executor In Your Will

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Summary: (1) Young enough, will actually accept; (2) Trustworthy, won’t blab; (3) Patient, enough free time …

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