There are many items to consider when sitting down to write your last will and testament. While you may spend time determining what property to leave to beneficiaries or who to appoint as the guardian of your young children, it is critical to select the right estate administrator to oversee that everything is taken care of properly. Since this job is so critical to the outcome of your estate, it is important that you choose the right person for the job.
One of the most important tasks the estate administrator handles is guiding your estate through the probate process. If your estate must go through probate, it is the estate administrator who will gather up the proper documents, determine the estate’s value, pay any remaining expenses owed by the estate, protect the estate from vandalism and theft and make sure the property is distributed to beneficiaries.
These tasks are no easy feat. Before naming an administrator in your will, you may want to select a person who has the following qualities:
- Attention to detail
- Punctual and able to meet tight deadlines
The estate administrator must have the time available to spend on these matters as well.
Keep in mind that if you name an estate administrator in your will, he or she has the right to turn down the position. If this should happen, the state may appoint an administrator to take care of the estate. In order to avoid this, you may want to ask the potential estate administrator before naming him or her in your will.