This time of year brings back memories of anticipation for me and my family. It feels like only yesterday my twins were heading off to college, even though they are now independent adults.
Your parents are updating their wills and possibly their trust documents, and they ask you a huge question: “Will you be the executor of our estate?” You may be honored and flattered that they trust you enough to give you that responsibility, but you may also be petrified because you do not know what it entails, and it sounds like it could be too much responsibility.
Modera's Laurie Burkhardt provides perspectives on cash reserves considerations.
