Purron
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 23, 2007
- Messages
- 5,596
A friend of mine has asked me to serve as her executor. She is 62 and rents an apartment. Her only assets are her car, savings account, and the contents of her condo. Her income consists of a small pension and social security. She has no family unless you count her 2 cats. Her will would provide $5,000 to care for and place her cats. Since I'm active in the rescue community, I'm not too worried about this.
I'm inclined to agree but am concerned because I've heard serving as an executor can create liability. I'm not too worried about the paperwork because of my accounting background.
I told her I would think it over. I'm meeting her next Tuesday to discuss this in more detail. Any input or advice would be much appreciated, particularly from those of you who have been through this before.
I'm inclined to agree but am concerned because I've heard serving as an executor can create liability. I'm not too worried about the paperwork because of my accounting background.
I told her I would think it over. I'm meeting her next Tuesday to discuss this in more detail. Any input or advice would be much appreciated, particularly from those of you who have been through this before.