Choosing Your Kids As Executors – Why It Is A Mistake

We all hope that when we are gone, our family members will work together to settle our estate.  Unfortunately, our office sees many estates where the testator created a Will filled with some common problems. One of the most common problems we see is where a testator appoints all their children as their Executors.  This is a mistake. If your family members do not get along, they are not going to suddenly be able Read More

Can An Executor Distribute The Estate Without a Clearance Certificate From the CRA?

Can an Executor distribute the estate without a Clearance Certificate? A Clearance Certificate is a document that you receive from the Canada Revenue Agency that states that all the taxes owing on the estate have been paid. The Executor should request this certificate to ensure that the estates taxes have been paid. The concern is that the Executor may distribute the estates property to the beneficiaries and Read More

Should I Appoint More Than One of My Children To Be My Executor?

Your Executor/Executrix* is the person that carries out the provisions of your Will and settles your estate. It’s not an easy job, and it requires a significant investment of time, emotions and resources. You may think that sharing this responsibility among your children will make things easier for them, but that is not the case. An Executor has to make firm decisions, sign off on documents and provide input into Read More

What Does An Executor Do?

An Executor* is the person appointed by the testator (the person that created a Will) to carry out the provisions in the Will and see to the settling of the estate. Asking someone to be your Executor is not an easy task. This person will become responsible for nearly 150 duties after your death, including: Checking for insurance on the deceased’s life and property Securing the list of the deceased’s property Read More