In this episode, Gordon and Jenna discuss the importance of selecting the right executor and essential considerations to keep in mind when choosing an executor for your estate. Choosing an executor is a decision that should not be overlooked when creating a will. It is important to choose someone who has the time, capacity, and personal circumstances to handle the estate administration.

The choice of executor can significantly impact the success of the estate administration and save money for the estate.

Key points:

• Naming an out-of-country executor may cause legal and tax complications, such as requiring the executor to post a bond or causing the estate to be taxed in another country.
• The ideal number of executors depends on the complexity of assets, but one person may be more efficient than a committee, while two heads are better than one.
• It is important to choose someone who is likely to outlive you and is not too close in age to you. The executor should be in good health and should have a life expectancy that exceeds yours to ensure that they can carry out your wishes.
• The executor's personal circumstances, such as their financial stability and ability to handle stress, are also crucial factors to consider.
• It is important to select someone who has the time, capacity, and personal circumstances to handle the estate administration. 

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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