Grandchildren – the new executor class
At Probaters we have noticed a recent trend. People are appointing grandchildren as executors and skipping the intermediate generation. Why is this? I suppose some parents have had enough of their children and a bright grandchild is a source of joy and hope for the future. Even better if he or she is computer literate as the trend nowadays is in favour of all things digital. If a grandchild is a whizz at a spreadsheet and knows a thing or two about online assets then maybe he or she is a good choice.
I think it will always be a minority so adult children should not worry too much about being left out!