An administration bond protects an estate by ensuring administrators comply with wills and legal standards, thereby safeguarding beneficiaries from potential mismanagement.
Selecting an executor for your estate is one of the most crucial decisions in the estate planning process. The executor will be responsible for managing your assets, ensuring that your wishes are ...
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 ...
A lot of clients who I meet with want to ask their children if they are willing to be the executor for their estate (should they need an executor). Rarely does a client who asks their child if they ...
'There's no trust in place, but there is a will' "How long does it take for an executor to be able to access the account and pay the debts of the deceased?" (Photo subject is a model.) Dear Quentin, ...
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, ...
Acting as an executor involves a lot of paperwork, from registering the death to applying for probate and paying any ...
An executor of a will is a person or organisation appointed to carry out the wishes of someone who has passed away, as laid out in their will. This role involves managing the deceased person’s estate, ...