What Qualities Should I Look for When I Choose an Executor?
By: Barry E. Haimo, Esq.
February 25, 2021
BARRY HAIMO: In designating an executor or personal representative in Florida, you should look for someone that not only do you trust, but that is reliable and accountable, and will be very diligent in performing their obligations as personal representative.
Why Is It So Important to Choose an Executor with These Qualities?
The role of the personal representative is central to having a successful estate plan. This individual or entity will not only have to work with your attorney, they will be responsible for overseeing the entire process.
If you choose an executor who doesn’t have the time, energy, or wherewithal to handle things correctly, it can negatively impact the estate. On the flip side, a good personal representative will ensure that things run smoothly and do their utmost to see things settled correctly and expediently.
What Does a Personal Representative Have to Do in Florida?
They have a number of responsibilities. These include:
- Locating a validly executed will
- Identifying and gather all the deceased person’s assets
- Filing an inventory with the court
- Notifying the deceased’s creditors of the pending estate
- Pool assets together to satisfy creditors’ claims.
- See that the balance of the assets are distributed to the proper beneficiaries
It’s a lot of work.
Because of this, make sure you are cautious with your decision. Choose an executor who you not only trust, but is also reliable and responsible.
Need a bit more guidance? Haimo Law can help you plan for and protect your family and your business’s interests for the immediate and long-term future.
Get in touch with our office for assistance with wills, trusts, probate, asset protection, and business planning. Helping your family and business is our priority.
Originally published 5/18/2015. Updated 2/25/2021.
Barry E. Haimo, Esq.
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