Have you been
named as an executor?
Know your responsibilities.
SECURING A LEGACY
Getting started as an executor
Sign up for an account and get access to resources that will lead you in the right direction to wrapping up a loved one's affairs after they have passed away.
Executors can be held personally liable for the decisions they make in the course of estate administration, so it's important to know your duties and the risks involved.
Executor Risk Profile
Be prepared for the risks if you're an executor of an estate. Using the risk calculator, estimate your risk exposure by assessing the common variables that most often are responsible for triggering estate disagreements or errors.
If you're currently settling an estate, the following checklist can help prepare you for the key tasks involved.
Choosing a corporate trustee rather than a family member or friend may be the appropriate option when a large, complex, or potentially contentious estate is involved.
Advertising for Creditors
It is essential for executors to advertise for creditors to ensure they are not held liable for the debt personally. For the most cost effective method, visit NoticeConnect.
The role of executors can be enormously challenging and carries considerable risk, but none more so than the sale of real estate property (and often, contents of the home). Specialized professional CEA realtors are highly advised.
Search for a Will
Are you still looking for the will? Searching the Canada Will Registry is a powerful step to find missing wills.