Death and estates

[nobbie48]

That's another important bit co-executors keep each other honest. Its not bad to make both kids executors, or three if you have them. But if you live in T.O. and make your executor somebody in Washington , your just complicating stuff.

A single executor with no common sense are the ones that use the "any expense related to settling the estate, can be billed to the estate " rule. They go for dinner everytime they go to the lawyer and fly business class to the funeral.

Non resident executors have to post a bond equal to, I think, two times the value of the estate. There is only one company offering the bonds. They can and do charge a fortune making non-resident executors unrealistic in most situations.

Problem #2 is when an executor contests the will and there is dissension in the ranks.