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Fiduciary Roles

Choosing an Executor or Executrix

One of the most important decisions you will make is picking the person (or the persons or institution) to be in charge of your assets after you are gone. That means the executor of your will, the trustee of any trusts that you set up, a guardian for your minor children, an agent  for your financial power of attorney, and an agent under your health care power of attorney/living will.

In most instances, you can choose more than one person to fulfill these positions. This is a way to ensure that at least one person has legal or financial expertise and one is close to the family. If you choose this course, be sure to pick people or entities that can work together. You must also choose a successor in case your first choice dies or is unable to serve.

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