The role of the executor is very important and hence the executor must be chosen with care. He or she must first be willing to take on the responsibilities. The executor must be good in asset management skills and must be honest and reliable so that the funds and assets are not misused or misappropriated.
One can also appoint a trust corporation as an alternative to individual executors. The advantages are it will never be biased towards any particular party, it has perpertual existence and investment management is part of its profession. Also they have full understanding of the intricacies of a Will and has the necessary experience with the courts to deal with matters pertaining to a Grant of Probate.
Wealth Resources