The Parents’ Guide To Selecting An Executor Or Trustee

One of the estate planning issues that is often best discussed by couples prior to their meeting with the estate attorney is who should handle the estate settlement process after both of the parents pass away.

The title of this person or persons will be as executor or co-executors (if assets are transferred through the last will requiring the court-supervised probate process), or their title will be as successor trustee or successor co-trusteees (if they are transferring assets out a trust to the trust beneficiaries (outside of court involvement).

Their role, depending on the assets, debts, and participants involved, is often to collect asset and debt information, pool financial resources, sell a home or other estate/trust assets, and provide for the proper distribution to the heirs named in the will or the beneficiaries named in the trust.

Some couples make this decision rationally (the child with the best skills for the job), while other couples make this decision emotionally (we don't want to offend any of your children).

Perhaps if married couples attempt to discuss this prior to meeting with the lawyer, it may trigger them to getting feedback from their children before they make a final decision.

For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to:

This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Louisiana Estate Planning Attorney
www.RabalaisEstatePlanning.com
Phone: (225) 329-2450

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