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 ...

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, ...

Distributing any remaining assets after all estate debts are paid to those individuals or organizations named in the will When creating a will, you have the power to choose who should serve as your ...

Imagine this scenario: Christine is in her 70s and needs to revise her will. The last time she looked at the document, her husband was still alive and their three children were toddlers. A lot has ...

Executors have a fiduciary duty to act in the best interest of the estate and its beneficiaries. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

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 ...

Executors across the United States regularly discover that managing a parent’s estate creates emotional crosscurrents that have little to do with legal paperwork. Even in families without ...

Brendan is a freelance writer and content creator from Portland, OR. He covers tech and gaming for Lifehacker, and has also written for Digital Trends, EGM, Business Insider, IGN, and more. August 26, ...