E340 Reasons Not to Make a Loved One the Executor

<p>We’ve talked before about not making a loved one your executor. I recently read an article titled, “<a href= "https://www.fool.com/the-ascent/personal-finance/articles/2-big-reasons-not-to-make-a-loved-one-the-executor-of-your-estate/" target="_blank" rel="noopener">2 Big Reasons Not to Make a Loved One the Executor of Your Estate</a>.” Here, we’ll add our own perspective for why it’s not a great idea.</p> <h2>Being executor can be emotionally difficult</h2> <p><img class="aligncenter size-medium wp-image-44706" src= "https://anthonyspark.com/wp-content/uploads/2023/10/Being-executor-can-be-emotionally-difficult-300x169.jpg" alt="Being executor can be emotionally difficult" width="300" height="169" /></p> <p>It is a duty that begins almost immediately after the death of your loved one. You are grieving the loss while facing a list of daunting tasks. Even normal probate is a lot of work and can be tough while grieving.</p> <p>In a somewhat difficult probate, you <a href= "https://anthonyspark.com/e295-executors-as-privacy-and-emotional-buffer-for-solo-agers/"> navigate the decedent’s family and friend relationships</a>. If you are also family and friends with these people, it can be awkward. They will continually ask you when they will receive their inheritance. Some will complain that they get less money than others. You may not get far into the probate process before this happens.</p> <p>It goes without saying that a difficult and dramatic probate is even more burdensome and draining.</p> <h2>Being executor is long and time consuming</h2> <p><img class="aligncenter size-medium wp-image-44707" src= "https://anthonyspark.com/wp-content/uploads/2023/10/Being-executor-is-long-and-time-consuming-300x169.jpg" alt="Being executor is long and time consuming" width="300" height= "169" /></p> <p>If you think probate lasts a few weeks or months, think again! <a href= "https://anthonyspark.com/e184-why-is-being-an-executor-difficult-the-statistics/"> Probate lasts many months and sometimes many years</a>. Over the past f