I have already prepared a list of my beneficiaries. Can a beneficiary be an executor in a will?
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Becoming an executor in a will requires commitment. The roles include paying the debts, closing accounts, and overseeing how the assets are transferred to the right beneficiaries. In some cases, an attorney or an accountant can be named as the executor of the will, but they may not know the individual who has died properly. Thankfully, there is a common occurrence in estate planning; the spouse of the decedent or close relatives can be named as the executor. Therefore, a beneficiary can also be an executor in a will. Remember, the beneficiary is quite familiar with the decedent and can perform the duties better. The good news is that probate courts favor beneficiaries becoming the executors in a will.