Discover the vital responsibilities of an executor in estate administration, from appointing the right person to distributing ...

When the time comes to make a will, one important element is to name an executor to handle your financial affairs after you ...

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 ...

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.

At best, the process is time-consuming. At worst, it takes hundreds of hours, exposes you to lawsuits and thrusts you into the middle of family fights.

Being named an executor is no small task. It’s a role filled with responsibilities that can feel overwhelming, especially when you’re dealing with the loss of a loved one. Executors have a ...

Executor vs. Beneficiary Rights Executors and beneficiaries play different roles in the probate process and as such, they have different rights and responsibilities.

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 ...

With respect to the corpus commission, generally, the executor is entitled to a commission on all corpus — all assets held by the estate — as follows: 5% on the first $200,000 of all corpus ...

If the executor fee is not determined in the will, and it likely is not, the executor might be in for an incredibly lucrative line of work. You might wonder if you would be capable of acting as an ...