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?

The executor of an estate is someone who wraps up a deceased individual’s financial affairs. If the deceased has a will, the will usually names a close relative, friend, accountant, attorney or ...

Choosing an executor of a will is an important part of estate planning. An executor ensures the will is carried out according to the wishes of its author. Many or all of the products on this page are ...

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 ...

The death of a parent is psychologically and emotionally crippling enough — but it doesn’t always stop there. If you’re named as the executor of a parent’s will, much of your mourning period will be ...

Being asked to be an executor is an honor you might want to pass up. Settling an estate typically involves tracking down and appraising assets, paying bills and creditors, filing final tax returns and ...

Being an executor is a big job, and a responsible one. You can be held liable for any egregious errors made in the process, so you clearly wish to focus on the job at hand, but I recommend telling ...

Appointing a family member may feel like the right thing to do, but without the skills and experience, it can cause costly ...

Our grandmother passed away a few months ago, and she left behind a complicated, even messy, situation. My four brothers and I are the heirs. My father was left with nothing. That is clearly stated in ...

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 ...

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, ...