Choosing the right person or people to handle the management of your assets after you die merits a lot of thought. While it’s pretty common to appoint a family member or friend, that’s not your only choice. A lot depends on your personal situation — both the complexity of your estate as well as family dynamics.
Appointing a family member can be seen as a symbol of love and faith. However, in the case of multiple siblings, it could be interpreted as an expression of trust in one child over another. So I can understand the dilemma. But while there’s an emotional component to this choice, you need to try to keep sentiment in check. To me, it’s really about who will do the best job.Read more