E277 Professional Successor Executor for Solo Agers

<p>Many of our Solo Ager clients ask if I’ll serve as their <em>successor</em> (not primary) executor. The short answer is yes. We discuss why solo agers ask for successor executors.</p> <h2>Planning to be a future Solo Ager</h2> <p><img class="aligncenter size-medium wp-image-42588" src= "https://anthonyspark.com/wp-content/uploads/2022/08/Planning-to-be-a-future-Solo-Ager-300x169.jpg" alt="Planning to be a future Solo Ager" width="300" height= "169" /></p> <p>They may not be Solo Agers at the moment, but they are planning for when they will <em>could</em> become a Solo Ager. It’s smart: planning two steps ahead.</p> <h2>Married, no kids</h2> <p><img class="aligncenter size-medium wp-image-42589" src= "https://anthonyspark.com/wp-content/uploads/2022/08/Married-no-kids-300x169.jpg" alt="Married, no kids" width="300" height="169" /></p> <p>Mrs. M and her husband named each other as their executors in their wills, which is common. At some point, one of them will die first.</p> <p>The husband named his brother as his successor executor (in case Mrs. M predeceases him).</p> <p>Mrs. M doesn’t have siblings or other close family members. She doesn’t want her brother-in-law acting as her executor if her husband predeceases. Mrs. M needed a successor executor of her choosing.</p> <p>That is why she reached out to our office, and we are happy to work with her.</p> <h2>Girlfriend, no kids, wants to disinherit</h2> <p>Mr. C named his girlfriend as his executor, since he wants to disinherit his family members and leave everything to his girlfriend.</p> <p>He is also disinheriting his nieces and nephews (next-of-kin). If his girlfriend predeceases him, Mr. C is leaving his estate to charity.</p> <p>If his girlfriend predeceases him, Mr. C needs someone like a professional executor to handle everything, since there is no one else. Also, since Mr. C is disinheriting family, a professional executor is a good choice.</p> <p><img class="aligncenter size-medium wp-image-42590" src= "https://anthonyspark.com/wp-content/uploads/2022