Executor Duties in Canada: What You Need to Know

Introduction

Being named an executor is both an honour and a major responsibility. Executors manage the estate, ensure the will is followed, and often face complex legal tasks. This guide outlines executor duties in Canada and how the Canadian Will Registry supports them.

 Key Executor Duties

  1. Locate the will and confirm validity.
  2. Apply for probate (if required).
  3. Notify beneficiaries and interested parties.
  4. Collect and value assets.
  5. Pay debts, taxes, and expenses.
  6. Distribute estate according to the will.

Challenges Executors Face

  • Locating the will.
  • Handling disputes between beneficiaries.
  • Managing complex estates (businesses, properties).
  • Staying compliant with legal obligations.

How the Canadian Will Registry Supports Executors

  • Provides a direct way to find the will through lawyer registration.
  • Ensures executors can begin probate faster.
  • Lifetime notifications prevent missed wills later.

FAQ Block

Conclusion

Executors carry heavy responsibility. The Canadian Will Registry helps them fulfil their first and most critical duty: locating the will quickly and securely.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
0

Subtotal