8 tips for estate planning
Select a qualified executor for your estate
An executor is responsible for paying your debts and distributing your assets in accordance with your will. The most obvious choice for many individuals is their spouse or oldest child, but you may want to consider other options, particularly if settling your estate is likely to be a lengthy or complicated process. A professional executor, such as a certified public accountant or other trusted advisers, may be more experienced at administering estates and also add the benefit of impartiality in distributing your assets.