A common problem in estate planning is choosing the wrong people to appoint to the various roles in the administration of your plan. The wrong choice of Executor, for example, can seriously complicate the Probate process. Similarly, appointing someone to be a Trustee who is not up to the task can also be disastrous.
A current example of this phenomenon comes from the actress Zsa Zsa Gabor. Her husband is her power of attorney as she is seriously ill and unable to manage her own affairs. It appears that rather than using Gabor’s money for her care, the husband has used it for his own benefit. That is a serious problem that a court has to address.
Think very carefully about the people who you appoint to the various roles in your estate plan. If you are not sure who to appoint, talk to an estate planning attorney about your options and about how to choose the right person. The attorney knows what to look out for and what makes for a good person to appoint to each role.
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