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Eustance
Joined: 24 Jul 2015
Posts: 9
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 Posted: Fri Jul 24, 2015 10:34 am Post subject: How to choose an estate executor |
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| How to choose an estate executor? |
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AbbeySmith
Joined: 24 Jul 2015
Posts: 7
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| Posted: Fri Jul 24, 2015 10:40 am Post subject: |
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Administrating an estate can be an enormous amount of work. That's why it is so important that you think carefully before you name an executor (known as a "liquidator" in Quebec and an "estate trustee" in Ontario).
Your executor—or executors—will be responsible for dealing with all your legal and financial matters and ensuring that the provisions of your Will are carried out. Because of this time commitment and the financial and administrative duties involved, your executor(s) ideally should:
Be someone you trust completely—such as a spouse, adult child or close friend
Get along with your other executors (if applicable) and deal fairly with all members of your family
Be of an age that he or she will be capable to serve as your executor when needed
Live in the same province as you, preferably nearby (if possible)
Have the talent, time and interest to be your executor
Grant his or her permission before you name this person as executor in your Will
what is executor insurance? |
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