Realizing the importance of creating an estate plan is just the first step to ensuring one's loved ones are taken care of in the future. Pennsylvania residents should know that while their estate plan is unique to their situation, there are still a number of mistakes that can negatively impact the distribution of their assets after they are gone.
Choose the executor of your estate wisely
When a loved one or family member asks a Pennsylvania resident to become the executor of their estate, it is natural to feel honored at the request. If the testator is near death, then there is an even more pressing need to agree and ease their stress. However, it's important to know that being an executor is a difficult role and one should know what they are getting into before agreeing.
