Cash gifts to the guardian or executor are common and serve several purposes:
- Why Give a Cash Gift?
- Appreciation: To thank them for taking on important responsibilities.
- Compensation: Guardians may care for minor children, and executors may spend significant time handling estate matters.
- Encouragement: Offering a gift can ensure their willingness to accept the role.
- Appreciation: To thank them for taking on important responsibilities.
- How to Give a Cash Gift?
When appointing a guardian or executor and/or trustee in the will-writing process, you may add the payment frequency and the amount from the options provided.
Make sure the gift is proportionate and doesn't create conflicts among other beneficiaries.
Although optional, these gestures help recognise the effort and commitment required to carry out the testator’s final wishes.