Execution of Wills
Will Execution as a Structuring Instrument
The execution of his will guarantees the decedent that the management of his estate is in the hands of people he has selected and trusts. In particular, this instrument makes it possible to take into account situations in which the decedent wishes for his intended heirs to have the support of third parties for a certain period of time. The execution of his will enables the decedent, far beyond his death, to entrust people he knows and trusts with the responsibility for his estate without thereby diminishing the position of his heirs and legatees.
Developing Will Execution Concepts / Instructions to Executors / Advising on Choice for Executor
The form of will execution must be based on the actual real-life context taking into account the possibly changing personal environment of the decedent. In addition to the decision as to the ‘whether and how’ of will execution there always arises the question which person or group of people will actually execute the will. The aim has to be to appoint as personal representatives individuals who have the requisite fiduciary relationship with the decedent as well as the competence required to handle the task at hand.
Assumption of Will Execution
Succession planning, structuring and continuity involve that the advisers called on have been informed of the decedent’s intentions and desires as well as the development of such intentions and desires over time. In view of their familiarity with the circumstances as well as their independence and – not least of all – their experience, advisers are often the logical choice as executors. We consider it an honor and a sign of appreciation of our services to be nominated as executors by our clients.