How to choose an executor

For more complex estates, an impartial professional is best.

Gail Bebee 18 November, 2014 | 1:00PM
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Without a will, the laws of the province where you reside will determine what happens to your property and other possessions after you die. Settling on your final wishes and documenting them in a properly drafted will is the only way to avoid this less than ideal fate. One of the most critical steps in the will-making process is choosing an executor.

An executor is the person or organization appointed in a will to administer the estate of the deceased and ensure that the terms of the will are fulfilled. In some jurisdictions, the role is termed estate trustee; in Quebec, the term used is liquidator.

The job of executor covers a lot of territory. Among their duties:

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About Author

Gail Bebee

Gail Bebee  Gail Bebee is an independent personal finance speaker, teacher and the author of No Hype--The Straight Goods on Investing Your Money. She can be reached at gbebee@gailbebee.com; her website is www.gailbebee.com.

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