#14 - An Emotional Landmine - Part 2 - Compensating a Family Member to be an Executor
The Financial Therapy Podcast - It's Not Just About The Money
English - August 03, 2021 09:00 - 22 minutes - 15.6 MBArts financial therapy financial coaching life planning ifs therapy financial psychology money issues money scripts Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Does the executor of an estate deserve to be compensated for that service? Absolutely. Serving as an executor is often a time-consuming, emotionally draining, and thankless task. It means taking on a part-time job. Often, executors have day jobs so the duties of being an executor happen during lunch hours, after work, and on weekends. Yet the issue of payment for an executor, especially one who is a family member, is a common source of conflict among heirs. Over 40% of wills experience family conflict, with 19% of beneficiaries perceiving misconduct by the executor. Read more here.
A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.