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Things to consider with re trustees, executors & fiduciaries

Some Georgia residents will die without having executed a will. In the past, this has sometimes caused complications and stress for loved ones who may then face legal challenges with regard to various issues that could have been addressed ahead of time. When estate owners do plan ahead and take steps to secure assets and provide for their loved ones after death, there are certain things they will want to consider regarding trustees, executors & fiduciaries.

Naming a person to carry out the terms of one’s will means that person is being given a very serious responsibility. Some states have certain eligibility requirements that must be met before a person can be named as an executor. Residents will want to seek clarification on Georgia laws so that well-informed decisions can be made.

In addition to understanding the laws that govern such matters, estate owners may also want to consider a potential executor’s location before adding a name to a will. If a chosen executor lives outside the state, it may prove difficult for him or her to fulfill inherent responsibilities since various issues, including meetings or hearings, often must be attended in person. Given the complex nature of potential challenges an out-of-state executor may face, it is advisable to discuss the issue with an experienced probate and estate administration attorney before a plan is executed.

Matters involving executors & fiduciaries, trustees or the many documents that can be included in an estate plan are best addressed with a clear understanding of the law and a thorough examination of all available options. Any Georgia resident with questions or concerns about the topic can inquire further by arranging a consultation with an attorney in the area. He or she would be able to help determine the best plan that may help accomplish one’s legal goals.

Source: nwitimes.com, “Pros and cons of an out-of-state executor“, Christopher Yugo, Feb. 7, 2016

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