It’s important that you get approval from the person you choose as your Personal Representative before naming them as it is vital that the individual understands their responsibility and can commit to the position. It’s also recommended that you consider and name a successor, or even more than one successor, in case your primary choice is unable to meet the demands or be available when it’s time to act.
It’s also important that your Personal Representative or other family members be told where to find your estate planning papers and that you try to keep an updated list of assets. This will allow the Personal Representative to not have to spend unnecessary time and energy locating basic documents and will allow them to administer your estate efficiently and cost effectively.
Learn more about the things you should consider when it comes to naming your Personal Representative here.
Get Started Today: Schedule Your Consultation!
If you’re interested in learning more about estate planning, please contact estate planning attorneys in Ann Arbor at 734-665-4441.
No comments:
Post a Comment