Most difficult parts of being an executor of an estate in the United States, 2014
Which of the following was the most difficult part of serving as an executor or trustee of an estate?
The statistic shows the result of a survey carried out among wealthy and ultra wealthy Americans in the United States. This particular statistic deals with the most difficult aspects of acting as an executor or trustee of an estate. 22 percent of the wealthy Americans interviewed stated the managing disagreements among heirs was the most difficult part of serving as an executor or trustee of an estate.
Which of the following was the most difficult part of serving as an executor or trustee of an estate?
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| Most difficult part | Share of respondents |
|---|---|
| Commitment of time required | 29% |
| Having sufficient legal/ financial knowledge | 26% |
| Filing tax returns | 25% |
| Managing disagreement among heirs | 22% |
| Having access to records and information | 20% |
| Sharing decision-making with co-executor | 17% |
| Not compensated adequately for time | 13% |
| Paying bills or debts owed | 11% |
| Determining value of assets | 11% |
| Distributing assets without clear instructions from the deceased | 11% |
| Most difficult part | Share of respondents |
|---|---|
| Commitment of time required | 29% |
| Having sufficient legal/ financial knowledge | 26% |
| Filing tax returns | 25% |
| Managing disagreement among heirs | 22% |
| Having access to records and information | 20% |
| Sharing decision-making with co-executor | 17% |
| Not compensated adequately for time | 13% |
| Paying bills or debts owed | 11% |
| Determining value of assets | 11% |
| Distributing assets without clear instructions from the deceased | 11% |
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Description
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More information
The statistic shows the result of a survey carried out among wealthy and ultra wealthy Americans in the United States. This particular statistic deals with the most difficult aspects of acting as an executor or trustee of an estate. 22 percent of the wealthy Americans interviewed stated the managing disagreements among heirs was the most difficult part of serving as an executor or trustee of an estate.
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- Show publisher information
- Release date
- June 2014
- Region
- United States
- Survey time period
- February and March 2014
- Number of respondents
- 680 respondents
- Age group
- 18 years and older
- Special properties
- Base: those who have previously ever served as an executor
- Method of interview
- Online survey
- Supplementary notes
-
Age of respondents: Average 53 years old
-Age 18-33: 13 percent (Gen Y or Millennials)
-Age 34-49: 22 percent (Gen X)
-Age 50-68: 45 percent (Baby Boomers)
-Age 69+: 20 percent.
- 57 percent men
- 43 percent women.
The 680 people interviewed for this nationwide survey were high net worth or ultra high net worth individuals.
Source
- Show sources information
- Show publisher information
- Release date
- June 2014
More information
- Region
- United States
- Survey time period
- February and March 2014
- Number of respondents
- 680 respondents
- Age group
- 18 years and older
- Special properties
- Base: those who have previously ever served as an executor
- Method of interview
- Online survey
- Supplementary notes
-
Age of respondents: Average 53 years old
-Age 18-33: 13 percent (Gen Y or Millennials)
-Age 34-49: 22 percent (Gen X)
-Age 50-68: 45 percent (Baby Boomers)
-Age 69+: 20 percent.
- 57 percent men
- 43 percent women.
The 680 people interviewed for this nationwide survey were high net worth or ultra high net worth individuals.
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