Learn the differences between the executor of a will and power of attorney. Discover the pros and cons of having one person ...

The main reason people confuse these documents is that estate planning attorneys typically discuss them as a package.

Next of kin and power of attorney (POA) serve different roles in managing someone’s affairs. A POA gives legal authority to an appointed agent to make financial or healthcare decisions. Next of kin, ...

With nearly a decade covering personal finance, Rebecca Safier simplifies loans and other complex financial topics to help people manage their money with confidence. Her work has been featured in ...

When planning for the future, many people use trusts as a way to manage their assets, avoid probate, and protect their loved ones. But not all trusts are created equally. Determining which estate ...

Hard choices wait around every corner as you age, but some of the most difficult ones are about your own care. Without a plan in place, you might not be able to convey your wishes to those around you, ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...