Being asked to serve as the executor or trustee under a will or trust for a family member or friend can be a tremendous honor. It is a big responsibility that involves a wide range of administrative and financial duties. It can take a lot of time which might interfere with the individual’s own career and time with family.
Individuals sometimes agree to become an executor or trustee without fully understanding the role and the duties into which they are stepping. When this happens, they can quickly…
