testamentary will step 2

Having gathered all the information about your property as outlined in the post titled Testamentary Will Step1, we can move on to Step 2 which entails identifying a person or persons to be  executor of your will, a trustee, lawyer or guardian for any minor or incapacitated children, if applicable. You would want to take great care to ensure the person(s) are suitable to carry out your wishes; here are a few things to contemplate when choosing.

• Make sure that the person agrees to this job
• Take into account the skills, attributes or resources  making them suitable for the job
• What relationship is the person to you
• Get their full names and addresses
• Let them know the location of your Will
• Let them know the location of your safety deposit box
• List alternative persons in the event the named ones are unable to serve
• Look at the benefits of having a lawyer or trust company before making a decision

Following this process we should prepare an outline of the beneficiaries of the Will next.