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I've been asked to be the executor for my parents' estate. For those who aren't aware: an executor is the person in charge of administering a will.
No, they aren't off-the-wall wealthy, they have just a 'normal' size nest egg. I've looked over the basics of what is required of an executor, and I'm willing to do it. My folks are *very* organized people, and their wishes are quite clear. They're both dot-every-i, cross-every-t types. They've used a lawyer to get their estate in order.
They're coming for a visit in May, and one of the things they want to do is brief me on what their wishes are and what my duties will be. What sort of questions should I ask them?
Has anyone ever been an executor? What are the pitfalls? Anything I should know about beforehand?
No, they aren't off-the-wall wealthy, they have just a 'normal' size nest egg. I've looked over the basics of what is required of an executor, and I'm willing to do it. My folks are *very* organized people, and their wishes are quite clear. They're both dot-every-i, cross-every-t types. They've used a lawyer to get their estate in order.
They're coming for a visit in May, and one of the things they want to do is brief me on what their wishes are and what my duties will be. What sort of questions should I ask them?
Has anyone ever been an executor? What are the pitfalls? Anything I should know about beforehand?