Instructions For Acting as an Executor

September 17th, 2021

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1 minute read time

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 Canadians 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 they know who has done it (and when they do, they often hear horror stories).

Acting as an executor is a difficult job. It can be rife with personal risk, familial stress, financial challenges, legal problems, 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 (and you can find them on this site of course), they don’t actually 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, such as acting as an executor.

The Personal Fiduciary Certificate course is a short (two-hour) comprehensive program covering ethics, ethical 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.

For new executors looking for an instruction guide, this is it: https://www.thepfsi.com/

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August 8th, 2022