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Monday, July 23, 2018
How to appoint a executor for a Will- Who can be appointed as a executor of a Will - 9840802218
Appoint a right executor in case of Not appointing the right executor
THIS IS A VERY common mistake among those making a will as they either appoint people who are in the same age group or someone who doesn’t have their best interests at heart.
“People tend to appoint as executors relatives, friends or those in the same age bracket, instead of selecting younger people,” says K.P.Satish Kumar Managing Partner Daniel & Daniel. “Another common mistake is appointing minor children as executors,” he says.
“One must ensure that the executor is the best choice for the time-consuming and complex job. He or she must be trustworthy, know about your wishes, and work according to your will, not his own,” he adds.
To ensure objectivity and avoid any vested interests in execution, you could also have a third-party administrator for your estate, as did Chennai-based Property dealer Mr.Rajesh Jain , who has recently had a will drafted for his mother through a lawyer. “We didn’t want any relatives as executors and, for a nominal amount, we have appointed a third-party executor to avoid conflict of interest,” he says.
Do you need to go through Succession Certificate if there is no Will? • Can you avoid Succession certificate without having a Will ? • How do I apply succession certificate if there is no Will ? • How to apply for a Succession Certificate? For Legal queries Daniel & Daniel Attorneys & Solicitors 2132, Vasantham Colony, Annanagar-West, Chennai-600040 Phone: 9840787702 email: advocatechennai@gmail.com
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