Although it may be considered an honour to be asked to act as an executor, there are many responsibilities involved that can make the task quite complex and time-consuming. Ensuring you understand these responsibilities will help you to choose the person best suited to be your own executor, as well as guide you if you are appointed as executor on someone’s behalf.
An executor is an individual appointed by you to administer your will and testament after you have passed away. An executor’s duty is to follow your instructions in the management of your affairs and fulfill your wishes as per your last will and testament.
Choosing your executor is an important task, but how do you know who you should choose? Below we will list some important factors to consider as you make the decision.
Receiving an inheritance can be both exciting and overwhelming. It can bring with it a lot of questions and decisions that need to be made. It is important to consider the implications of receiving a large sum of money, as it could significantly impact your financial situation.
This article will discuss what you should consider when receiving an inheritance, from taxes and legal issues to investment opportunities and charitable giving.
You may often hear people say that building wealth is a simple task: save your money and invest as much of your money as possible. If that’s all it takes, then why isn’t everybody rich?
To put it simply, saving and investing are only a small portion of what the wealthy do to keep themselves successful. It boils down to their habits, discipline, and dedication.
The following six habits are continuously followed by many wealthy, successful people. All of these are doable to help you stay on track to bettering yourself, not only financially, but as a whole.
Buying a vacation home feels glamorous and may even seem like a good long-term investment. However, purchasing a vacation home can be quite a process with many considerations to keep in mind. Here are just three of the many things you should consider before you make a purchase.