Can an Executor Also Be Named as a Beneficiary?

Full question:

I am doing my will and testament using the form for 'single with no children'. My question is, can my executor be the same person as one of the beneficiaries? I want to name my nephew executor but also my beneficiary if the main beneficiary dies before me.

  • Category: Wills and Estates
  • Subcategory: Executors and Administrators
  • Date:
  • State: Alabama

Answer:

An executor may also be named as a beneficiary in the same will. Since family members are often the closest people in the testator's life, one or more of them are frequently named as executor even though they may also be devisees, or beneficiaries, under his or her will.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

No, naming a beneficiary does not override a will. A will outlines how your assets will be distributed upon your death, while a beneficiary designation typically applies to specific accounts or policies, such as life insurance or retirement accounts. If there is a conflict, the beneficiary designation usually takes precedence over the will. However, it's essential to ensure that your will and any beneficiary designations are consistent to avoid confusion.