- In addition to deciding who gets what when you die, you have key roles to fill that deserve thoughtful deliberation as part of the estate-planning process, experts say.
- In addition to choosing an executor — the person who ensures your wishes are carried out and that your estate is settled — it’s wise to name decision-makers for your finances and health care if you cannot at any point prior to your death.
- Here are tips for choosing the right people to serve in these roles.
It would be normal to want to spend a minimal amount of time planning for your own death.
Yet there’s a key aspect of creating an estate plan that experts say you shouldn’t gloss over. For instance, choosing who would carry out the wishes outlined in your will and make important decisions on your behalf if you are incapacitated at any point before you die.
“These designations are important and should be considered very carefully, no matter the size of the estate,” said Samantha Weyrauch Davis, an estate planning attorney and director with the law firm Hall Estill in Tulsa, Oklahoma.
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