This new article from the Wall Street Journal should be essential reading for anyone out there who has been appointed as an executor under a relative's will or is considering naming a relative as his or her executor.
One thing I noticed in this article that I haven't seen anywhere else is the comment that "executorships gone bad are on the rise". I believe this to be the case, based on my own observations. The article is American, but the same thing is happening here in Canada. I'm sure we could come up with a dozen theories as to why this is occurring, but the fact remains that it's becoming less and less effective to appoint a family member as an executor.
Click here to read the article.
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