Has a friend or family member approached you about serving as their estate executor after they die? Most people are honored to receive such a request and agree before considering the matter carefully.
Proper estate administration involves performing complicated tasks and assuming many financial responsibilities. If you still want to serve, prepare yourself in advance for the scope of your duties by asking the testator a few critical questions.
Where are your documents?
One of the most common (and preventable) hurdles estate executors face is not knowing where to find the decedent’s financial and estate documents. During your conversations, ask them where they store their vital paperwork and how you can gain access (safe key, security code, etc.) when they die.
Do you own digital assets?
It is safe to say most people have social media and email accounts. While not particularly valuable, the testator may have special instructions for what to do with them upon death. Other digital assets like cryptocurrency, rewards and payment accounts may have value, so don’t overlook this question. Ask them how to access these assets, too.
Can you keep updated lists?
Most likely, the testator will happily do all they can to ensure your executor experience flows smoothly. Most—testators and executors alike—never think to request or offer help. Consider asking the will-maker to maintain updated lists of their assets and liabilities. Having this information at your fingertips will ease the Washington estate administration process considerably.
It also serves your best interests to seek counsel from an experienced estate law representative. It will provide you with quick access to legal guidance if you experience hardships fulfilling your obligations.