E280 Someone Died, But No One Wants to be Executor

<p>We often get hired when someone has died, but no one wants to be the executor. Sometimes there was a will with nominated executors who don’t want to serve. Other times there was no will, but none of the next of kin want to do the job. So they hire us as the professional executor.</p> <h2>Being executor is too much work</h2> <p><img class="aligncenter size-medium wp-image-42632" src= "https://anthonyspark.com/wp-content/uploads/2022/08/Being-executor-is-too-much-work-300x169.jpg" alt="Being executor is too much work" width="300" height= "169" />Most folks who’ve been an executor before avoid doing it again. They know first-hand how time-consuming it can be. Generally, we’re referring to people other than surviving spouse or children. The job is a bit easier for surviving spouse or children, because there is a lot of shared knowledge and possibly even shared assets.</p> <p>Other relatives or friends who have served as an executor before know how time-consuming it can be. Or perhaps they’ve heard enough horror stories from friends. (Plus, if you’ve heard our prior podcasts, you know how difficult it can be!).</p> <h2>Too old to be executor</h2> <p><img class="aligncenter size-medium wp-image-42633" src= "https://anthonyspark.com/wp-content/uploads/2022/08/Too-old-to-be-executor-300x169.jpg" alt="Too old to be executor" width="300" height="169" /></p> <p>Some nominated executors simply feel that they are too old to be an executor. This doesn’t necessarily mean they’re incompetent. Perhaps they were nominated many years ago when they were younger, but now they know that being an executor can be stressful. Perhaps now they are used to low-stress retirement life, and they don’t need any new stress. No need to increase that blood-pressure medication!</p> <p>Also, in terms of logistics, being an executor requires a lot of legwork, doing things in person, running around town for real estate, waiting in line at banks, going to the courthouse, etc. This may not seem appealing when you expected to relax in your old age. Th