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Thursday, December 06, 2012

Baby Boomer Retirement: Choosing an Executor of Your Will

Baby Boomer Retirement: Choosing an Executor of Your Will: If you own a home or have any other financial assets, you should have a will and, probably, a trust.  In addition, you will need to choose an executor who will make sure that the terms of your will are carried out.

The duties of an executor are very time-consuming, and it is important that you discuss the responsibilities with the person you wish to ask to serve as your executor.

For example, your executor will need to continue to maintain your property and pay your bills until the property is sold or disbursed to the heir.  The executor will also need to have valuables inventoried and appraised.

To learn more about the duties of the executor, and how to choose one, read the full article at Baby Boomer Retirement:  Choosing an Executor of Your Will.

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