Even though all three of your kids will share the estate equally, naming all three as co-executors is not a great idea.

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 ...

Q: My will names my wife as executor. If she resigns, our three children are named as backup co-executors. My wife has indicated she is not interested in serving, and she would like for our son to ...

I am seeking advice on selecting the executor for my husband’s and my estate. We are in our 80s. We have two children, both of whom are honest and responsible. One child has acquired significant ...

Just because someone is trustworthy doesn't mean they're the right choice. Consider whether your intended executor or trustee ...

Executors are not personally liable for unpaid debts or lender losses. Costs are paid from the estate or prioritized by law.

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, ...

I am seeking advice on selecting the executor for my husband's and my estate. We are in our 80s. We have two children, both of whom are honest and responsible. One child has acquired significant ...