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Selecting executors and guardians

When Pennsylvania residents begin the estate planning process, they may be surprised at the number of issues that need to be determined. In addition to ensuring that their assets are distributed in accordance with their wishes, other concerns, such as child guardianship, end-of-life planning, and who will serve as the executor are also on the table.

It is important to remember that estate planning e isn't just about wills. This applies in particular to situations when an individual has children or when some of the beneficiaries of a will are either minors or cannot be trusted with large amounts of money. In addition, there is the possibility that people may not be able to make important medical, legal, and financial decisions at the end of their life. Because of this, it is necessary to appoint one or more individuals to handle these responsibilities.

Individuals and couples who are planning an estate will generally select friends and family members who they know and trust for these important roles. It is usually a good idea to match the skills and capabilities of the individual with the job that they are asking them to undertake. For example, they will likely want to appoint as they executor someone who is extremely trustworthy and efficient. Trustees should be familiar with personal finance and investment principles.

Those who are embarking on creating an estate plan may benefit from speaking with an experienced attorney. Legal counsel may be able to review the client's situation and make recommendations not only regarding the drawing up of a will but also in selecting individuals who will help ensure that the client's wishes are respected at the time of and after death.

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