A: One in four SMSFs are single-member funds, and what happens when that member dies is a good question.

The executor of an estate is the person tasked with tying up a deceased person’s affairs. Often, the duty falls to a spouse or another family member but can also be an attorney, an accountant or ...

A trustworthy executor is someone who is reliable, honest, and responsible. They should have a reputation for integrity and be able to manage finances competently. The executor should be able to carry ...