Choosing the person to handle the administration of your estate on your death is an important decision.  Your personal representative (also referred to as Executor) may be responsible for  paying your bills out of estate assets, working with banks to transfer money to beneficiaries if you failed to name a beneficiary or transfer these assets to your trust, selling your home, and filing a final tax return. It’s essential to appoint a person who understands the responsibility. If you don’t have a family member or close friend to appoint, you can also choose a corporate entity to fill that role. There are also similar considerations when naming a successor trustee of your trust.  You can read more about choosing a personal representative and successor trustee in the article, “How to Pick an Executor for Your Estate” in AARP’s Senior Planet, where author Rodney Brooks discusses this important topic with MGD Law’s Jennifer Belmont Jennings. Click here to read the article.

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