In a best case scenario, a loved one would ask another person to act as executor of his or her estate before simply appointing the person. Because California probate can take a considerable amount of time and effort, having someone willing to take on the role may prevent additional hardships. Still, even a willing executor will have a great deal of responsibility to handle.
Because of the importance of this role, it is important that executors do not take the position lightly. They have an obligation to make the best decisions for the estate and to act in the best interests of the estate’s beneficiaries. This responsibility is known as the executor’s fiduciary duty. If this duty is breached, serious consequences could result.
Executors also need to be ready to work. In many cases, individuals will have to contend with their personal life, regular work duties and probate responsibilities. As a result, it can be easy to feel overwhelmed. Fortunately, there are a number of professionals who could help during this process, including financial advisors and estate attorneys. Bringing in outside help may lessen the potential for mistakes that could prove costly.
While executors do have a considerable amount of responsibility during probate, they may feel more at ease knowing that they do not have to shoulder it alone. Before the legal proceedings even get underway, it may be wise for California residents holding this position to speak with experienced attorneys. These legal professionals can answer questions about the upcoming process and advise on the best routes for minimizing conflict.