What to know before agreeing to be an executor of a will

Globe & Mail
July 13, 2022.

Being named as the executor of a will is often seen as an honour, but advisors and legal experts say it’s very important for clients to understand the responsibilities and risks before saying “yes.”

While being named as an executor of a will can feel like an honour, it’s critical to understand the breadth of responsibility and risk involved before saying “yes”. Sylvia Azoulay, Vice President, Tax and Estate Planning and Alexandra Horwood, Portfolio Manager, Investment Advisor at Richardson Wealth spoke with Globe Advisor to offer clients items to be on the lookout for and questions to ask yourself before agreeing to be an executor of a will.

*Globe Advisor subscription required.

Read more

Related articles

2022

Advisors welcome scrutiny on ESG funds but say there are still many challenges facing investors

December 20, 2022 - The heat is on environmental, social and governance (ESG) investing, with regulatory scrutiny growing over greenwashing and sustainability assurance providers beginning…

2 minute read

2022

Why investors need to understand redemption freezes before getting into alternatives

December 15, 2022 - Ida Khajadourian shares that "under extreme circumstances, a fund might freeze redemptions, known as “gating” to prevent investors from pulling their…

2 minute read

2022

‘It’s the people who make the difference'

December 8, 2022 - Why do advisors choose to join Richardson Wealth? For Michel St-Laurent, “it’s the people who make the difference," plus the freedom…

2 minute read