Weinstein & Randisi
Phone:585-310-1578
Toll free:800-768-1780

Resize the Content Text

Executing A Will Calls For Rapid Action

Choosing an executor as part of your will is an often overlooked step. People naturally choose the oldest child or a sibling they are close to. They often fail to account for the reality of the role of executor. If you have never been in that position yourself, it is easy to underestimate its importance.

The Right Person For The Job

The natural benefit of choosing a loved one is that they generally perform the duties for free. A professional executor, such as a bank or attorney, costs money that reduces the size of the estate. The drawback is that mistakes made by an executor can lead to delays, frustration, mistrust and other hard feelings. Executors can also make mistakes that actually reduce the value of the estate by more than a professional would have charged. It is a big responsibility.

Understanding The Role

In general, an executor will need to gain access to your property to gather important information and valuables. Things like bank records, investment accounts, credit card bills, tax information and more will be vital in fulfilling the requirements of your will. Leaving valuable items on an empty property is an invitation to burglars. After the decedent passes, the executor needs to move quickly to get everything in order.

Executors must accurately account for all assets. This frequently involves the services of an accountant and an attorney. It takes time, organization and attention to detail. The executor must be trustworthy, competent and simply available to put in the necessary hours. This may or may not exclude a person's family and friends from being the proper choice. 

The more information you can share with your executor in advance, the better. Starting from scratch, with no idea of what to look for is a daunting, borderline impossible task. Do your best to choose someone you are comfortable working with and take the time to discuss your wishes and your circumstances before it is too late.

Source: Kiplinger, "5 Things to Do the Moment a Loved One Passes Away," by Daniel A. Timins, Esq., CFP, 17 April 2018

 

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Blog Feed

Blog

Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map

Map

Call us now for a free, 100% confidential consultation: