Choosing the Right Person to Handle your Estate

Senior Matters Podcast

Choosing the Right Person to Handle My Estate

In this episode, Mark E. Wight dives into one of the most important decisions in estate planning: choosing the right person to manage your estate after you pass.

We explore the essential role of a Personal Representative (PR) or Trustee, the person responsible for securing your assets, managing debts, and distributing your estate to beneficiaries. From understanding their duties to considering key factors like maturity, family dynamics, and even the option of naming co-representatives/co-trustees with complementary skills—this episode covers it all.

For those considering professional fiduciaries, such as trust companies or accountants, you'll learn how they can bring impartiality to the process and reduce family feuds. Plus, we emphasize the importance of consulting with a local and experienced attorney to make informed decisions throughout your estate planning journey.

Key Takeaways:

• Job Responsibilities
• How to choose the right personal representative or trustee
• When to consider hiring a professional fiduciary
• The importance of making these decisions to avoid court involvement

If you're planning for retirement or managing a loved one's estate, this episode is packed with valuable insights to help you make the right choices for your family’s future.