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Qualities a successor trustee / executor / attorney in fact should have

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Who you choose to be in charge of your affairs in case of incapacity or death is obviously an important decision with far reaching consequences. Here is a list of qualities to keep in mind when deciding who to leave in charge of your affairs:

Of course, the flip side of the coin is to keep in mind qualities that a successor should not possess. There is an old saying, widely attributed to 19th Century orator Robert G. Ingersoll: “Nothing discloses real character like the use of power.” We all know people who let a little power go to their heads. In selecting successors, if you do nothing else, be sure to avoid selecting a successor who may get carried away with “being in charge” of your affairs.

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