Jerry Taylor warns that serving as executor of a will means serious legal liability and often mediating family fights. He recommends setting up a trust instead to avoid these headaches and distribute assets faster.
If you've been named the executor of a will, settling an estate is way more work than you would ever think it would be. If you don't do it right, you can be held legally responsible. Talk to someone who's handled an even slightly complicated estate. They'll tell you it's one of the worst things they've ever experienced. As the executor of the estate, you'll be put in the situation of having to mediate all the family squabbles. Don't do this same thing to your kids and your heirs. Create a trust and everything will go much smoother and much quicker.
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