Our national estate planning law firm website: https://aeplawyers.com/

To request a nocost zoom estate planning design meeting: https://aeplaw.cliogrow.com/intake/71...

00:00 Who Should You Appoint as Executor or Trustee?
3:40 Why the Executor Decision Is Important
4:39 My Own Story as an Executor
9:30 Your Executor Appointment Impacts Future Relationships
10:53 The Intestate Administrator
19:15 What Are Executor Duties?
20:08 Who Is Typically Appointed as the Executor?
22:12 Probate Will and Get Confirmed as Executor
23:35 Obtain Tax Identification Number for Estate
24:41 Executor Opens Estate Accounts
27:17 Executor Pays Bills of Estate
28:16 Executor Handles NonLiquid Assets
30:17 Executor Handles Tax Obligations
31:47 Inventory of Assets and Debts
32:26 Pleadings Request Final Estate Distribution
34:04 Executor Has Lawyer and Court Involvement
35:41 Distinction Between Executor Duties and Living Trust Successor Trustee Duties
43:57 Traits of an Excellent Executor or Trustee
44:11 Trustworthy
45:49 Excellent Communicator
47:36 Knowledgable
48:11Detail Oriented
48:31 Impartial and Fair
50:45 Experienced
51:20 Unique Circumstances When Naming an Executor or Trustee
51:34 CoExecutors and CoTrustees
54:20 Corporate Executor or Corporate Trustee
56:09 Executor or Trustee Compensation
58:36 Recourse Against Inappropriate Executor or Trustee
1:00:08 Summary
1:01:26 Q&A