Your Executor's Spouse PowerPoint PPT Presentation

presentation player overlay
About This Presentation
Transcript and Presenter's Notes

Title: Your Executor's Spouse


1
YOUR EXECUTORS SPOUSE
2
Im not crazy about the spouse/partner of my
executor or guardian. Is that a problem?The
executors job is to deal with property. The
legal powers of the executor are not meant to be
shared with the executors significant other.
3
You are not giving your assets to your executor
you are simply entrusting that person to
distribute your assets as you have indicated.
4
However, if your would-be executors spouse has a
history of theft or fraud, a debilitating
gambling problem, a tendency towards domestic
violence, or a severe drug addiction that has led
to money problems, then that may in fact be a
reason to pick a different executor.
5
It wouldnt be a case of not trusting your
executor, but a reasonable fear that your
executors spouse would steal funds the estate,
for example, by having access to your executors
bank records, cheque book, etc.
6
Except in such rare circumstances, the spouse of
your executor is probably irrelevant. If your
executor is trustworthy, and is willing to assume
the responsibility of administering your estate,
then thats probably all that really matters.
7
Im not suggesting that you shouldnt be
selective in your choice of guardian, but simply
that you shouldnt expect perfection from your
guardian or from the spouse of your guardian.
8
Want to know more?Call 403-265-4496Visithttp/
/www.calgarylegalwills.com/your-executors-spouse-2
Write a Comment
User Comments (0)
About PowerShow.com