If you do not name a guardian to care for your children, a judge will appoint one, and it may not be someone you would have chosen. An executor is the person who oversees the distribution of your assets in accordance with your will. Most people choose their spouse, an adult child, a relative, a friend, a trust company or an attorney to fulfill this duty. You should expect your estate to pay an independent executor for this service. If no executor is named in a will, a probate judge will appoint one.
Probate refers to the legal procedure for the orderly distribution of property in a person's estate.
The executor files the will in probate court, where a judge decides if the will is valid. If it is found to be valid, assets are distributed according to the will. If the will is found to be invalid, assets are distributed in accordance with state laws. Use this information to carefully consider how you want to distribute your assets. Taking inventory of the assets may be the key to making a will.