Jun 25, 2019
When you are considering estate planning and making a will, one of your first decisions is to decide who will be your executor. There are many things to consider when hiring an executor, including choosing a person who is smart, dependable, and trustworthy. However, the executor of today will face a role that has greater complexity, and even personal liability if things are not done correctly. This means that the decision of accepting the position of executor needs to be thought through and the duties need to be carried out precisely.
Today, I share one of the biggest mistakes that executors make. I reveal the role and duties of the executor when an estate plan has incorporated creating a will. I highlight how extensive and time consuming the part of the executor can be along with the skills needed to resolve disputes. I also describe the four vital steps you should take if you are named the executor of an estate.
“One of the biggest mistakes of an executor is they get a copy of the will, but they don't read it from cover to cover and understand what it actually says.” - Colleen O’Connell-Campbell
Today on I’m A Millionaire...So, Now What?:
Get Ready for Fun Networking & Fundraising!
Kick off your high-heels ladies, lace up your golf shoes, and get ready for an exciting, fun way to network with your business peers while raising money for a worthy cause. Join me, Colleen O’Connell-Campbell and Shelley True on September 5, 2019 for the all-women’s golf tournament, FORE-Play for Charity - the annual event supporting The Royal Ottawa Foundation for Mental Health.
The FORE-Play for Charity event features fun ways to network with other Ottawa-based business leaders such as Open Mic, Cocktail Hour, the Red Carpet event, and a unique Makeup and Beauty Bar as well as a Gala Dinner.
So if you’re ready to lace up your golf shoes and tee off to support The Royal Ottawa Foundation for Mental Health, visit www.truedotdesign.com/foreplay to register today - or, become a sponsor to show the community you’re serious about mental health.
Be sure to subscribe to our newsletter and follow FORE-Play for Charity on Facebook so you never miss an update on this important event.
Registration opens on April 1, 2019
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