An executor is an individual or institution appointed to administer the estate of a deceased person, following the instructions outlined in their will. “Best executor” refers to selecting the most suitable individual or institution for this role, considering factors such as their legal knowledge, financial expertise, and personal qualities.
Choosing the best executor is crucial to ensure the smooth and efficient administration of an estate. A competent executor can minimize delays, reduce costs, and ensure that the deceased person’s wishes are respected. They are responsible for tasks such as gathering and valuing assets, paying debts and taxes, and distributing the remaining estate to beneficiaries.