Corporate Executorship Services
As the word implies, an executor executes a persons' final wishes upon his or her death. If you have ever been asked by a friend or family member to be their executor, you know that it can sometimes be a very long and very complicated undertaking that can even involve legal proceedings! With this in mind, choosing who will be your executor is an important decision.
Naming Your Executor
While it is common to name a family member or trusted friend as your executor, when the time comes, they may find that they are not up to the task. Our Trust & Estate experts are well versed in the intricacies of estate administration and can give you the peace of mind that comes with knowing your interests are protected.
Benefits of a Corporate Executor
Level of expertise
Acting as an executor can involve as many as 70 different tasks, and can sometimes take one or more years to settle depending on its complexity. The professionalism, knowledge and expertise of a Trust & Estate professional can provide invaluable support.
Family dynamics
Settling an estate can create or incite family rivalries and disputes. The impartial nature of an RF Trust & Estate professional can assist in managing these contentions by communicating with your beneficiaries and balancing any potential conflicts of interest.
Availability
What happens if your executor is living elsewhere when the time comes? He or she may find it quite challenging to execute your wishes from a distance. Having a corporate executor can mitigate this risk and be more accessible when the need arises.
Continuity and permanence
An estate settlement can sometimes take extended periods of time. As such, the lifespan of the executor is of vital importance. Human executors may die during the course of carrying out your wishes, leaving them undone. A corporate entity offers more permanence so that no matter how long it may take, your wishes are executed according to your estate plan.
Is Corporate Executorship right for you?
Our services may be right for you if:
- You want to ease the burden on your friends and family.
- You prefer that a professional handles everything.
- You have no family or friends to act as executor.
- You anticipate a challenging family situation.
Want to learn more? Schedule an appointment with an RF Trust & Estate expert today!
