Island Savings

How do I appoint an executor?

The executor of your will is the person, or corporation, that you appoint to be legally responsible for settling the affairs of your estate after your death. Your executor, and alternate and/or co-executor if you choose, is named in your will.

The executor acts in accordance with the wishes of the deceased, for the benefit of the beneficiaries. And, because your estate could take up to 18 months to settle and may require a lot of your executor’s time, you want to ensure that the person you choose is up for the task.

Who should I choose as my estate executor?

Your executor should be someone who has the time, health and skills to be able to settle your estate. It’s ideal if they also live in the same general area as you. Plus, they need to be organized, and comfortable dealing with lawyers, accountants and potentially distraught family members.

Helpful resources


DO YOU NEED HELP WITH ESTATE PLANNING?

We offer estate planning and executor services through our partnership with Concentra Trust. Make an appointment to speak with a financial planning expert for guidance at your nearest branch today.

 

More on estate planning

What is estate planning?

Why do I need a will?

Do I need to give someone power of attorney?

 

Talk to us

Whether you’re looking for more information, or you’d like help planning your estate, you’ll find our contact information here.

 

We encourage you to visit one of our branches for more information on how Island Savings can make things simple for you every step of the way!


 

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