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?

Most difficult parts of being an executor of an estate in the United States, 2014 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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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 partShare of respondents
Commitment of time required29%
Having sufficient legal/ financial knowledge26%
Filing tax returns25%
Managing disagreement among heirs22%
Having access to records and information20%
Sharing decision-making with co-executor17%
Not compensated adequately for time13%
Paying bills or debts owed11%
Determining value of assets11%
Distributing assets without clear instructions from the deceased11%
Most difficult partShare of respondents
Commitment of time required29%
Having sufficient legal/ financial knowledge26%
Filing tax returns25%
Managing disagreement among heirs22%
Having access to records and information20%
Sharing decision-making with co-executor17%
Not compensated adequately for time13%
Paying bills or debts owed11%
Determining value of assets11%
Distributing assets without clear instructions from the deceased11%
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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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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.
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