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In today's episode, we're tackling a common dilemma: "How do you pick the right executor when you have multiple children?" This question often arises in families with multiple adult children, where feelings of fairness and equality are important. Nick shares his insights on the pros and cons of naming co-executors and why assigning the job to someone capable is essential for a smooth estate process.
Here’s some of what we discuss in this episode:
📝 Executor Role: It's about assigning a responsible job, not showing favoritism
⚖️ Co-Executors: They promote transparency but can complicate the process
💡 Prioritize: Focus on getting the job done, not on avoiding hurt feelings
💸 Family Conflict: Inheritance distribution, not the executor role, is often the real source of tension
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