How many of you have either served as an Executor, been requested to
accept the role, or are currently performing that task? The Executor
role, now referred to as Estate Trustee, can be a relatively simple, if
time-consuming undertaking. In the event of the death of a spouse, and
if the Estate and Succession Planning have been well prepared no
problems should arise. You will have the benefits of joint registration
of matrimonial assets, beneficiary designations on registered funds,
insurance policies and annuities.
But what if the Estate is not a spousal roll-over of assets? This is
where things can get a little more complicated. These are a few of the
complications we have witnessed over the years that lead to confusion,
frustration, financial loss, legal expenses, family feuds, lengthy
administration times, and even litigation.
- The Trustees do not get along, albeit that they are
siblings.
- The spouses of the Trustees have their own financial
agenda.
- A Trustee lives either out of Province or even worse
out of Country.
The list goes on and on……… These problems can be avoided by using the
Laws of Agency and bringing in professionals to help. Please contact
ProContinum to see if we can assist. |
 I'm
an Executor, HELP!!!
I'm
an Executor, HELP!!! (GERMAN)
Duties of an Executor
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