Corporate
Executor

Executor Perspective

Being named as an executor is an honour, but did you know the role can be overwhelming, stressful, complicated and come with personal risk? It's been likened to taking on a part-time job for several years and it has the potential to pit family against family with the executor caught in the middle. Simply put, it's not a job for the faint of heart.

If you've been appointed as an executor, you do have the option to appoint a corporate executor (or co-executor) to act or assist you with the process. A corporate executor has extensive experience, systems in place, teams of experts, often surprisingly good pricing and, one of the most important, impartiality; no one is going to accuse them of being selfish or unfair. However, the decision to appoint a corporate executor should be made early on because most serious problems are rooted in the earliest actions and decision-making.

For more information about corporate executors, pricing and availability, we recommend contacting Concentra Trust. They've been vetted for professionalism, fair pricing and availability across Canada. Concentra Trust offers remarkably flexible options to meet the precise needs of each executor, avoiding the possibility of excessive fees.

For more information on Concentra Trust, visit www.concentra.ca/executorease.

Testator Perspective

One of the biggest questions testators struggle with is who to name as their executor. At times, testators avoid making a will simply because they can't decide, in which case the government decides who gets everything they own.

You can learn more about who best to choose in the Testator Tutor, but an often-overlooked option is to appoint a corporate executor. They have extensive experience, systems in place, teams of experts, often surprisingly good pricing and, one of the most important, impartiality; no one is going to accuse them of being selfish or unfair.

Appointing a corporate executor as Power of Attorney for Finance to manage your affairs, should you become incapable, provides a seamless transition to managing your estate. It's an option far more Canadians should be seriously considering.

For more information about corporate executors, pricing and availability, we recommend contacting Concentra Trust. They've been vetted for professionalism, fair pricing and availability across Canada. Concentra Trust offers remarkably flexible options to meet the precise needs of each executor, avoiding the possibility of excessive fees.

For more information on Concentra Trust, visit www.concentra.ca/estatepreparation.

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October 20th, 2020