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Friends Don't Ask Friends to Be Executor
Efficient Markets
English - October 21, 2021 16:00 - 20 minutes - 19.3 MBInvesting Business Education Self-Improvement pension rrsp tfsa canada dimensional finance index indexing investing passive Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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Asking a close loved one or a friend to be your executor may seem like a nice thing to do. Even an honor, that you would trust that person to handle your affairs once you've passed away. Many people agree to be the executor for a family member or friend without thinking twice about it.
But, the job of being an executor is a challenging one.
On today's episode we talk about the job of the executor, the time it takes to do the job, and the risks that the executor takes on.
Then, we introduce the role of the corporate executor, costs, and reasons why you might consider hiring a corporate executor despite the additional costs.
Links and notes can be found on my blog at www.walhoutfinancial.ca/podcast
Thanks for listening!
Mark