Dear Savvy Senior: My aunt recently asked me to be the executor of her will when she dies. I’m flattered that she asked, but I’m not sure what exactly the job entails. What can you tell me about this?

Simply put, an executor manages the last will and testament of someone who dies. Acting as an executor is an honour and a huge responsibility. As the designated representative of the deceased, ...

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, ...

Losing a loved one is never easy — and if you’ve been named executor of their will, you’re also stepping into a big responsibility. On top of your grief, you’re now in charge of managing their estate, ...

With wills being written and reviewed as part of inheritance tax (IHT) and succession planning, it is vital to understand the ...

Inheritance Funding reports probate delays can arise from will disputes, incomplete documents, complex assets, outstanding ...

When someone dies, others may be called on to manage their estate. An executor is charged with overseeing the distribution of someone’s assets according to the will or state inheritance laws if they ...

Encourage voluntary management. The beneficiary may agree to have funds invested and drawn down over time under a separate ...

You are not an executor until the court admits the decedent’s will to probate, signs an order appointing you as executor, and you take the executor’s oath. Courtesy / Getty Images/iStockphoto If you ...

When it comes to handling your loved one’s estate, the executor has a series of important duties and responsibilities. If you suspect an executor is mishandling their responsibilities or mismanaging ...

A last will and testament ensures your belongings are bequeathed to your family and your last earthly wishes are fulfilled after your death. But getting your affairs in order in the social media age ...

She had carefully planned her estate so that there would be no surprises. She had even prepaid all funeral expenses. I have power of attorney for her estate. She had 2 IRAs that were dispersed equally ...