It costs thousands to pay the deceased’s bills and debts
Dividing money
Death and taxes are the only certainties in this world, American statesman Benjamin Franklin famously asserted 234 years ago. Not only does this still hold true today, but for people named as executor of a will, death and taxes come as a package deal.
It’s an honour to be deemed responsible enough to be tasked by a loved one to ensure the wishes contained in their will are carried out after their death and that their money, property and prized possessions are distributed properly to the beneficiaries. But that task involves through a complex series of tax, financial, and legal steps in order to sort out the affairs of the deceased – all at a time when you’re grieving their loss.
