If you have been named as the executor of a will, just turn to our team to get the expert assistance you need.
At Morgan & Partners Inc., we know it’s never easy to lose a loved one, but it can be especially difficult when you are the executor of their will. Being the executor of someone’s will means you have certain legal responsibilities to deal with their estate, its assets, and any debts they may have. This responsibility can be a lot to deal with, and trying to figure out everything you need to do can feel overwhelming. Fortunately, you do not have to do this all by yourself but can instead turn to our financial experts to get the knowledgeable, compassionate assistance you need to carry out your responsibilities effectively and with confidence.
If you have been named as the executor of a loved one’s will, we encourage you to reach out to our team to get the expert help you need to take care of all the deceased’s financial matters. In addition, if you are trying to make your own will, you can turn to our team to have us help you draft and finalize it and to help you choose your own executor. You can even bring your chosen individual along to have us explain what being your executor entails and what they will need to do when the time comes.
Our team is proud to serve Barrie and surrounding Central Ontario communities, and we want to help you find the solutions to all your financial needs. If you have been made the executor of a will, or you are looking to appoint someone as the executor of your own will, simply give us a call to get the help you need to move forward with confidence.
Contact Morgan & Partners Inc. Today!
FAQs About the Executor of Will
Being named as the executor of will for a family member or another loved one means you have a lot of responsibilities once they pass away. We understand that dealing with these responsibilities on top of grieving a loved one’s death can be very overwhelming, so we would like to answer some frequently asked questions about being the executor of will that we hope may be helpful to you.
Who can be an executor of will?
Nearly anyone can be named as the executor of will. The testator, or the person who creates the will, can choose a family member, close friend, or a professional they trust. Most people choose their spouse or an adult child to manage their estate when they pass away.
Does the executor perform their duties for free?
An executor of will is generally entitled to compensation for carrying out their duties. This amount may be decided and agreed upon when creating the will, or compensation may be a percentage of the estate.
What happens if the deceased does not name an executor of will?
What happens if there is no will?
If there is no will, that means the deceased person has died “intestate.” The court will appoint an administrator to distribute the estate’s assets to heirs or to pay off outstanding debts.
Contact Morgan & Partners Inc. Today!
At Morgan & Partners Inc., we help executors of wills learn their rights and options in Barrie, Brampton, Guelph, Innisfil, Newmarket, Orillia, Milton, Gravenhurst, Toronto, and Muskoka, Ontario.