PLEASE NOTE: We are able to fully assist you during these difficult times. We are offering our clients and prospective clients the ability to meet with us via telephone or through video conferencing. Please call our office at 914-948-1500 so that we may assist you.

We are pleased to announce the reopening of our White Plains office location for in-office meetings. We are following the applicable New York State regulations for Phase 2 re-openings. These regulations limit in-person gatherings, so although we will hold a select number of in-person meetings, we will continue to encourage telephone and video-conference meetings whenever possible. We have implemented health and safety procedures for all staff, as well as those clients who come into the office. Please click here for in-office meeting procedures.

Elder Planning Isn't Just For The Elderly

How can I choose an executor for my will?

An executor of a will has many important responsibilities they must handle. This person will assume your role in financial matters after you are gone to ensure debt repayment, disperse inheritances, and other tasks.

Because the role is so crucial to your estate and heirs, you must choose your executor carefully. Kiplinger recommends the following tips to select the best executor for your estate.

Look at the person’s financial stability

Successful management of financial matters is a huge indicator of responsibility. A person who dutifully pays their own bills and manages their money responsibly is more likely to do the same with your estate. Conversely, a person who is in debt and impulsive when it comes to finances is likely to make poor decisions and put your estate in jeopardy.

Make sure the person is eligible

Certain people cannon assume the role of will executor. This often includes people who are not U.S. citizens, as they cannot carry out certain financial duties legally. In most cases, former felons are also excluded from the field of contenders, as are people under the age of 18.

Consider the person’s age

Your executor must be available, and of sound mind, when the time comes to oversee your will. If you choose a person who is your age or older, their age could pose a risk to your estate. While you can still make your original selection, consider choosing a younger executor to fill in if the first choice is not available.

Most people choose friends and family to serve as the executor of their wills. Make sure the person you select is responsible enough to carry out duties, while also remaining compliant with your wishes.