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Are You Sure Appointing A Close Family Member or Friend As Your Executor? Think Again.


When it comes to appointing an Executor to carry out the last wishes in Will writing, many people make a decision based on Emotional Closeness.

 


  In most cases, people name the spouse, family members, relatives, colleagues or close friends when the topic of appointing an executor is raised for discussion.

"Putting the burden on a close family member or trusted family friend, who do not have the required professional knowledge, is rarely a wise decision." 

While grieving your loss, your appointed executor will be put in a spot by brewing family squabbles and potential accusations of conflicts of benefits, if he/she is a named beneficiary in your estate planning. It is a weighty decision, given the heavy role and responsibility expected of the Executor. 



Basic Duties of An Executor

Your Executor begin with a basic duties include searching for the original will, reading Will to all the beneficiaries, collating all financial assets and documents, selecting a law firm and make several visits to other government authorities. This constant liaising also means that the executor would need for heavy time commitment and savvy financial knowledge.
“The Executor require Competence and Commitment to the possess of the execution procedure like understand a wide portfolio of investments and knowing the appropriate time to buy or sell.” 
 As such, if you do not have any one in your acquaintance is qualified, you may appoint professional corporate entities to take on the role of an Executor. This will solve the above mentioned problems and paves the way for the smooth honoring and execution of your last wishes with unbiased in the distribution of your assets. 
 

Appointing of Executor required mindful selection:

Why choose Rockwills Trustee
Individual Name
Corporate Entity
Professionalism, Expertise and Experience
NO
YES
Time to manage and administer
NO
YES
Trustworthy and Accountable
UNKOWN
YES
Perpetuity and Continuity
NO
YES

 
A pleasant surprise to many people is the almost insignificant token fee of $100/RM120 for the appointment of a corporate entity as an Executor in their estate planning. Give your loved ones the time and space to grieve your loss, while the corporate entity acts professionally and swiftly on your last wishes.
 
If you will like us to assist you with the appointment of a professional Executor, contact us at 019-7294278 (Malaysia), +65-87315002 (Singapore) or drop us an email at enquiry@willgeneration.com

Click here to learn more about Will writing and Estate Planning. 







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