When a family member or close friend passes away, the person named as executor often steps into the role thinking of it as an honor. In reality, it can quickly become something much more demanding.

An executor is responsible for managing the deceased's finances, settling debts and distributing assets as outlined in the will. Tasks of an executor include notifying authorities, closing accounts ...

With the aging baby boomer population, more people will be asked to close estates and with this task comes great responsibility. “The executor makes sure the will is carried out properly,” says Randy ...