Acting as an Executor
You’ve just discovered you’ve been appointed as an executor. Now what? You’re probably wondering what to do and whether there’s some sort of rulebook or instruction guide. How are you supposed to know what to do?
Most people only act as an executor once or twice in their lifetime, so it’s not something with which they’ve had a lot of experience. It can also be tricky to find someone you know who has already done it. And if you do, the experience is often a negative one.
Acting as an executor is a difficult job. It can be rife with personal risk, familial stress, financial challenges, legal hurdles, and all at a time when you’re likely grieving. So, surely there must be a guide of some kind to help minimize all these challenges? There is, but it’s not what you might think.
Most people at this point look for checklists, or steps-to-take or some other sort of sequential end-to-end process, but helpful as those can be, they don’t provide the guidance needed to make the job easier and keep you out of trouble. For that, you need the Personal Fiduciary Certificate course, designed for those acting in a financial trust capacity for another person, like an executor does.
The Personal Fiduciary Certificate course is a short (two-hour) comprehensive program covering ethics, responsibilities, general duty of care, and the responsibilities and expectations of an executor / executrix in the context of communication, fairness, protection of assets, distribution of assets, reporting, and more.
Executors looking for an instruction guide should check out https://www.thepfsi.com
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