How should I select executors for my estate?
When selecting executors for your estate, you should choose wisely, as they will be responsible for carrying out your wishes. In New York, an executor is the person responsible for settling your estate after you pass away. They must fulfill the responsibilities of managing the estate property, paying debts and taxes, and distributing assets according to the terms of your will. When choosing your executor, make sure you select someone you trust completely. You want to ensure that the executor will be objective when making decisions about your estate. They should also be comfortable with dealing with other people and be knowledgeable about finances. An executor can be a family member, friend, professional advisor, or a corporate executor. In New York, it is also important to select a secondary executor, in case the primary executor is unable to serve. Once your executor is chosen, you should provide them with clear instructions in your will regarding your wishes. Your lawyer can help you with any questions you may have about estate planning and selecting executors. If you are not sure who you want to select, you may want to consult with a lawyer to ensure you are making the best choice for your particular situation.
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