The executor of a will plays a very important role in the process of closing a deceased individual’s estate. Although many think of executors as simply the people who inform heirs of what they’ve ...

Although it’s never fun to think about, estate planning is an important part of life, especially as we grow older. Many people choose to create a last will and testament to dictate how to bequeath ...

A nominated executor is obliged to secure estate assets even before the issuance of letters testamentary, or preliminary letters testamentary (see Matter of Schultz, 104 AD3d 1146 [4th Dept. 2013]).

Being named as an executor in a loved one’s Last Will and Testament is a big responsibility. It is important to understand what you are agreeing to before you step into the role as executor. First, it ...

Dear Savvy Senior: My uncle recently asked me to be the executor of his will when he dies. I feel honored that he asked me, but I’ve never done this before, and I’m not exactly sure what the job ...

Q. If a spouse dies, you have to have the will probated with the county and you will receive short forms to take to banks. Does the state figure out the estate and sales tax from the information sent ...

A fiduciary bond acts as a financial guarantee by ensuring a fiduciary acts in the best interest of the party the fiduciary ...

Far too many of us put off finalizing estate documents because we get hung-up on one or more decisions where we believe we have less than optimal choices. Over my next few posts, I will provide my ...

The majority of Canadians appoint family over friends as the executor of their will, according to a BMO Financial Group study. However, with executor responsibilities consisting of nearly 50 tasks ...