Sean Tanko

Las Vegas Estate Planning & Probate Attorney

  • Home
  • Trusts
  • Wills
  • Probate
  • Blog
    • Articles
  • Contact Sean

Oct 22 2019

Reasons to Appoint a Professional to be an Executor or Trustee

The Benefits of Using a Professional Executor or Trustee

As part of an estate plan, you are allowed to appoint a person or entity to serve as an executor or trustee. In many cases, a trusted family member or friend is called upon to fulfill this role. However, that person may not want to do so or may not be qualified to do so. Therefore, it may be best to hire a professional who can oversee an estate or help whoever else was appointed to do so.

Feel Free to Appoint a Professional to Serve Alongside Another Person

In some cases, it makes sense to appoint a professional to the role of trustee or executor alongside your friend, adult child or spouse. This may be true if you have a large net worth that could be difficult for a single person to manage on his or her own. It may also be worthwhile to appoint multiple trustees if you have more than one trust.

Professionals Will Act in a Fiduciary Capacity

Perhaps one of the best reasons to hire a bank or financial institution to act as an executor or trustee is because it will act in a fiduciary role. This means that it has to act in your best interest or the best interest of surviving beneficiaries. Ultimately, there is less risk of a sibling, child or anyone else being denied an inheritance for no good reason.

Choose Whoever You Trust to Carry Out Your Wishes

Ideally, you will choose whoever is best suited to oversee your estate whether it’s a person or an entity. A probate attorney in Las Vegas can generally help whoever is appointed to represent your estate to ensure that it is settled properly and in a timely manner.

Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Email this to someone
email

Written by editor · Categorized: Blog

Call Us Today!

702-463-8700

Email Us

Use the form below to send us an email. A representative will call you back within 24 business hours.

Practice Areas

Our law firm specializes in the following:

  • Trusts and Wills
  • Estate Planning
  • Asset Protection
  • Probate
  • Trust Administration
  • Guardianship
  • Business Planning

Office Location

We'd love to meet you in person! Walk-in appointments are available. Please give us a call at 702-463-8700 to set up an appointment.

Our office is conveniently located at:

8670 W. Cheyenne Ave.
Suite 130
Las Vegas, NV 89129

We also make house calls, so we can come to you to discuss your needs.

Find Us

Facebook
Twitter

Notice to the Public: Nothing contained on this Web site or communicated through it by any means, including e-mail, by the prospective client, will create an attorney-client relationship.
Neither the State Bar of Nevada nor any agency of the State Bar has certified any lawyer as a specialist or as an expert.
Anyone considering a lawyer should independently investigate the lawyer's credentials and ability.

Copyright © 2015 - 2020 · Sean Tanko