The executor of an estate is the individual who is tasked with making sure that the wishes of the deceased are carried out as instructed. This may sound very simple in theory but, in practice, it can actually be quite challenging.
You’re a family member of the deceased. They asked you some time ago if you would do the job and you accepted. There can be advantages of a family member being an executor but it also brings unique challenges. Outlined below are some of the main obstacles you might face as an executor.
The family dynamics
Family dynamics are sometimes challenging. The deceased may have children from different marriages and their latest partner may have kids too. This can make your job as an executor much more difficult. After all, you’re a family member, so how are you expected to remain impartial should a dispute come up regarding the will?
Unexpected events
The testator left clear instructions to leave assets to one of their adult children. Unfortunately, this person has taken the death of their parent very hard. They’ve developed a substance abuse problem. Are they really in a position to inherit a large amount of money just now? Are there any alternatives open to you as the executor? Your duty may be clear, but your feelings may make it difficult to proceed.
It’s an important but difficult job
As an executor, you’re going to have to give up a significant amount of time and effort to ensure that the final wishes of the testator are honored. As you’re going through this process, it will benefit you to have some legal guidance on your side.