A very important part of any estate plan is the selection of the right person(s) or institution to act as Executor, Trustee or Guardian. I have seen problems occur in the administration of estates caused by the selection of a person to act as a fiduciary who was unable for any number of reasons to discharge the responsibilities of that position. Sometimes there are inherent conflicts of interest involved in putting someone in charge of the estate who may also have a financial interest which may compete with the interests of other heirs. Oftimes individuals may lack the expertise to be effective or even the ability to hire professionals to assist them. They may not be good record keepers or m
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