Duties of Executors
What are the Duties of Executors?
Administering Your Trust
is a person named in a will that is responsible for the administrative aspects of the will, including protecting, collecting and distributing estate assets and property. An executor is legally responsible to the beneficiaries of the estate. If a loved one has died and you have been named the executor of their estate, or if are preparing a will and have questions regarding the naming of an executor or executor duties, contact a Winnipeg estate planning attorney
at once for immediate advice. A competent attorney can provide reliable counsel regarding the responsibilities of an executor and their legal obligations.
Estate Planning Attorney in Winnipeg
Depending on the size of an estate, an executor may be responsible for the distribution of a significant number of assets. An executor's duties also typically include:
- Making funeral arrangements
- Securing your estate after your death
- Cancellation of credit cards, subscriptions, insurance policies, etc.
- Beneficiary notification
- Preparing any paperwork that is needed for probate
- Collecting up the assets and determining the value
- Notifying the Canadian Pension Plan if any money was paid into a CPP account by the deceased
- Notifying other government agencies as needed
- Preparing and filing income tax returns
- Settling any estate debts
A skilled attorney from Assiniboia Law Office can advise you on what will be required of an executor following your death. We can also provide valuable legal assistance to an estate's executor to make sure all of the deceased's wishes are met, and any legal and financial obligations are fulfilled. We are extremely knowledgeable in probate law and procedures, and can confidently guide an executor through their administrative tasks.