The process of writing a will can be overwhelming. There are many aspects you want to include and several more that you shouldn’t forget. One important step in creating your will is naming a personal representative. Having someone to manage your estate and distribute your assets after you pass can help ease the administrative process. When you aren’t sure who to name as your personal representative, consider these three things.
1. Legal requirements
Almost anyone can be appointed as your personal representative, as long as they meet the standards set forth by the government. When choosing a personal representative in Minnesota, they must be at least 18 years or older. In addition, the court must find your choice suitable to serve the role. This usually means they must be of sound mind in order to handle the estate proceedings.
2. Residency
Many states also require that your personal representative be a resident of the state. Minnesota does not require that your personal representative live in-state. However, it’s a good idea to choose someone local if you can. The administrative process can last months, so it’s more practical to choose someone who lives near you.
3. Qualifications
You want your personal representative to feel comfortable accepting the role and the responsibilities that come with it. The process may be stressful and overwhelming at times, so you’ll want to choose someone who is patient, dependable and organized. You may also want to ask your candidate how comfortable they are handling finances and assess their ability to communicate well with others.
Preparing for your future
If a sibling, child, spouse or close friend fits these criteria, consider asking them to serve as your personal representative. You may even want to consider choosing an alternative personal representative in case your first choice declines or is unable to carry out their duties.
The distribution of your assets can get messy and chaotic if handled by the wrong person. Make sure that your personal representative is willing and able to manage your estate as effectively as possible. When you choose the right personal representative, it can save your family from time-consuming and stressful situations and bring you peace of mind.
