A key question that many people struggle with is: Who will be your executor in your Last Will and Testament?
Okay, who or what exactly is your Executor?
First of all, it is important to know the definition of an executor and what role they play in your last will and testament.
It is your executor’s responsibility to handle your last wishes. The executor is in charge of handling the estate and distributing property and possessions according to your instructions. It is also their duty to settle debts; a required step before your executor can distribute inheritances.
We provide a complete list of Executor responsibilities as part of our services at LegalWills.ca.
Securing your Estate
Your executor must keep your assets safe. You may have heard of terrible episodes of a person dying and the family descending on the estate. It can become a free-for-all where things just start disappearing. “He always told me that I could have this” says the favourite niece as she walks out of the door with the Andy Warhol pencil sketch. Continue reading