Summary:

This episode discusses the role of a professional executor and how they can be beneficial for some families. Professional executors are hired to act as an executive for an estate and are typically offered through trust companies.

The hosts explain how professional executors are a good option for families with complex family situations, such as if adult children do not get along or if there are unique aspects to the relationship with the estate. They can provide an independent and neutral third-party perspective, and they have the training, experience, and expertise to handle complex situations.

Key points:

• Professional executors are hired to act as an executive for an estate
• Trust companies have the expertise and resources to navigate different jurisdictions
• Liability is also a consideration when choosing an executor, as all the work of the executor is personal responsibility, and even innocent mistakes can lead to potential liability
• Life is becoming more complex, and estate planning involves various tax, financial, and legal implications

Hosts:
Jenna Carvalho
The smartest way to choose an executor.
Guardian Estate Company
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Gordon VanderLeek
Give your family a legacy of protection - Wills, Estates and Trusts.
VanderLeek Law
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