Why You Need to Review Your Executor Regularly

Creating an estate plan is a task that’s ongoing. You’ll need to make adjustments to your estate plan as your life circumstances change and as you decide you want different people involved in the important roles of managing your estate. One of those important roles is that of executor, or the person who will handle probate and estate administration when you pass away.

The person you’ve chosen to serve as executor today might not be the best choice a few years from now. This person might not be able to serve, be interested in serving or may have since passed away. In all of these circumstances, you deserve to have a lawyer who is familiar with estate planning to guide you through the process and give you insight.

On an annual basis, sit down and review those important individuals in your estate plan, including your executor. If you notice that information is outdated or you simply want to make a change, this is the time to do it. It may also be worth it to have regular conversations with people named in critical roles in your estate plan, such as a guardian of your minor children or executor. This person’s needs and interests might have changed as well so it’s valuable to touch base with them to verify they are still willing and able to serve.

At our Virginia Beach estate planning law office, you can find support from a lawyer who understands the landscape and any unique concerns you have around estate planning in general. Set up a time to meet now to accomplish your goals, including determining what to pass on to loved ones and the best instruments with which to do that.