Equip Your Representative Properly
When you use a last will as your primary vehicle of asset transfer you should include the selection of
executor or executrix. This is the individual who is charged with the responsibility of actually doing
what it takes to make your wishes as stated in the will come to fruition.
One of the responsibilities of the executor is going to be to prepare the assets for distribution to the
heirs. Depending on the extent of your financial resources and personal property doing this can require
a good bit of business acumen. It can also take a considerable amount of time.
Therefore, your representative should be someone who has the time and expertise that it takes to handle
You should also make sure that your executor or executrix has all the information that he or she needs
to administer the estate. This will include access to online accounts; keys to property, safe deposit
boxes, and storage units; financial information; details about insurance policies you have, and other
things that may come to mind.
Your executor will usually need the assistance of a probate attorney, so it may be a good idea to connect
your representative with the same estate planning lawyer who drew up your last will.
The ultimate purpose of estate planning is to facilitate a smooth distribution of your resources to your
heirs after your passing. Making sure that your representative has all the relevant information that he or
she will need is part of the equation.
Experienced estate planning attorneys Indianapolis IN of the Frank & Kraft Attorneys at Law offers
estate planning and business planning resources to residents of Indianapolis IN. To learn more about
these free resources, please visit http://www.frankkraft.com today.