Estates Made Simple

Choosing the Right Executor: 5 Reasons You May Need to Reconsider

Jenna Carvalho & Gordon VanderLeek Season 1 Episode 66

Episode Summary

In this insightful episode, Gordon and Jenna explore one of the most pivotal decisions in estate planning: choosing the right executor. While many focus on asset distribution, the choice of executor can make or break the success of an estate administration. From strained family dynamics to logistical challenges, this conversation dives into the top five reasons you may want to rethink your executor — plus a bonus tip to future-proof your plan.

Key Discussion Points

  • Out-of-Province Executors: Why location matters — including bonding requirements and increased costs when executors live outside Alberta.
  • Strained Relationships: How poor relationships between executors and beneficiaries can lead to mistrust, communication breakdowns, or even litigation.
  • Poor Decision-Making: Why indecisiveness or delays in making key estate decisions (like selling a home) can cause significant issues.
  • Conflicts of Interest: From business partners to dependent spouses, some roles are simply incompatible with impartial estate administration.
  • Lack of Time: Capable doesn't always mean available. Why time constraints and life circumstances should influence your choice.
  • Bonus Tip – Age Matters: Why picking someone from your own generation may shorten the effectiveness of your plan — and how to plan for longevity.

Takeaways

  • Estate planning isn’t just about assets — it’s about the people you trust to manage them.
  • Choosing the wrong executor can lead to delays, unnecessary costs, or even legal disputes.
  • There’s no “one size fits all” solution — but thoughtful planning can go a long way in preventing future headaches.

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Hosts:
Jenna Carvalho
The smartest way to choose an executor.
Guardian Estate Company
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Gordon VanderLeek
Give your family a legacy of protection - Wills, Estates and Trusts.
VanderLeek Law
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