One of the most important items to consider in estate planning is deciding who to appoint as executor of your estate in your will. By naming Rio Bank Wealth Management & Trust as executor, there is comfort in knowing that your final directions will be carried out by an experienced, impartial, and professional administrator.
It is understandable that your family might have better knowledge of your intentions and can locate your assets easier. The initial thought might be to name your spouse or a child as the executor, or even multiple children as co-executors.
Ask yourself these questions before naming an executor:
- Do my family members have the expertise if complex issues arise?
- What if my children do not get along due to a family conflict?
These are things to consider when naming family. But, what if you are not married or do not have children?
- I could ask a trusted friend, but what if I outlive that person?
- What kind of burden am I placing on my friend with regard to the time and effort that may be involved?
With Rio Bank Wealth Management & Trust as executor, there is peace of mind knowing the bank has an experienced professional to administer and settle the estate in a neutral and unbiased manner.