Quote:
Originally Posted by Izzle
Firebug, do effectively execute the will?
I wanted my wife to be the executor of my will, but if something were to happen, I doubt she'd be in the emotional state to execute the will.
I'd much rather have a 3rd party execute the will and have the company take a fee for the services they provide.
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Unless you have a complex estate, it's often pretty easy to set things up so that when one spouse dies, there isn't a whole lot of hassle to handle everything. For anything that's held jointly with right of survivorship (real estate, bank accounts, etc.) or where you've named a successor/beneficiary (TFSA, RRSP, pension, etc.), that all passes directly to the survivor outside of the estate, so the will and probate don't really come into play.