The executor of the will is the person who is responsible for ensuring the instructions of another person’s will are followed. Most people choose their spouse as their executor and then choose 2-3 alternate executors in the event their spouse is unable to serve.
When creating a will and a revocable living trust, it is common for the first alternate executor (after spouse) to be the same as the first alternate successor trustee.
The role of the executor is fairly straightforward: the executor is responsible for ensuring all debts are paid and remaining property is distributed per the terms of the will. This role is sometimes very simple if the majority of the assets are already transferred to a revocable living trust.
A will is a necessary part of your estate plan and is vitally important to have in place. Call The Law Offices of Brian D. Russ today to set up your will: (888) 632-6623.