Estate planning requires you to make important personal decisions that shape your legacy. Many people instinctively choose family members as executors. As you consider who to appoint, you may want to think beyond family members and explore the benefits of naming a non-family executor.
Family dynamics can sometimes complicate estate management
A non-family executor can offer many benefits, such as:
- They can make fair decisions without letting feelings get in the way.
- They can prevent family disputes over inheritance.
- They can provide more time and focus for executor duties.
- They can offer financial management skills when needed.
- They can make it easier to manage an estate when family members live far apart.
In California, the law allows you to choose anyone as your executor, provided they are over 18 and of sound mind. You cannot appoint someone with a felony conviction. You may select a trusted friend, a professional advisor or a private fiduciary company to serve as a capable executor.
Your executor will have significant responsibilities. You will need someone who can fulfill these tasks and ensure your legacy continues.
For instance, if you own a business, a colleague or a business partner might be well-equipped to manage the transition of ownership or management. Similarly, suppose you have a large or complex estate. In that case, a professional with experience in estate administration, such as an attorney or a certified public accountant, could be an ideal choice.
Securing your wishes are carried out smoothly and effectively
California law gives priority to executors named in a will. This means the court usually respects your choice of a non-family executor unless there are significant reasons not to. A knowledgeable California attorney can help you make the most effective decision for your estate plan.