An executor is an individual appointed to manage the estate of a deceased person, generally specified in their will. The executor has a significant role, ensuring that the deceased's assets are ...
This is an extremely important decision since the Office of Executor is gratuitous and the duties imposed on an Executor can be varied and sometimes onerous. Appointing a second Executor is desirable ...
At the time, the attorney said all beneficiaries needed to wait eight months before the proceeds of the sale would be ...
When I made my first will about 20 years ago, I nominated two relations as executors and they were happy to be asked. They are still my executors but they are not as active as they used be and I’m not ...
Following the death of a loved one, there may be fear and uncertainty about what to expect. However, needs must be attended to on behalf of the deceased. Specifically, an estate executor must be ...
Consider the hypothetical case of Jessica from Minneapolis, whose father died four years ago. She was entitled to a ...
For example, shock — especially if your late relative named you the executor of their will without your prior knowledg ...
About 30 years ago, when I made my first will, I nominated two siblings to act as executors, with their permission. I have retained them in updates but they are elderly now and less energetic and my ...
With wills being written and reviewed as part of inheritance tax (IHT) and succession planning, it is vital to understand the role of the executor – the person responsible for managing the estate and ...
Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...