Q. If someone passes away, is the executor of the will responsible for paying off the credit card debt? What if they decide not to pay it off? - Executor, maybe A. Paying off debt is one of the most ...

At the time, the attorney said all beneficiaries needed to wait eight months before the proceeds of the sale would be ...

Q. Our mom passed away, leaving her house to A. She left all her other assets to B, C and D. The house is appraised at $400,000. The total value of the other assets is also $400,000. All the ...

Q: My will reads: “I hereby direct that all my debts, including the expenses of my last illness and funeral expenses and administration of my estate be paid by my Executor as soon as possible after my ...

Executors have a fiduciary duty to act in the best interest of the estate and its beneficiaries. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

A letter of testamentary gives the executor of the deceased's estate the authority to handle their financial affairs. Many, or all, of the products featured on this page are from our advertising ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

A legal battle in New York highlights an aspect of estate planning that often gets little attention from people writing wills or agreeing to help settle an estate: the fees for the executors. The New ...

Editor's note: Benny L. Kass is now writing the Real Estate Mailbag column in place of Robert J. Bruss, who died last month. Q:My siblings and I inherited my father's house, which he bought in 2003 in ...