Estate administration: do I have to advertise for creditors?
written by Patrick Hartford
If you’re an estate trustee (either an executor or an administrator), you should be advertising for creditors to protect yourself from personal liability. But with the emergence of advertising for creditors online, this doesn’t have to be complicated or expensive.
Generally speaking, the deceased’s debts must be paid before the assets of the estate are distributed to the beneficiaries. One of the jobs of an estate trustee is to identify and pay these debts. This isn’t always easy, ...Continue Reading ?
Do’s and Don’ts of Naming an Executor
Written by Dave Laemers & Jennifer Black
Posted in conjunction with Basic Funerals
Typically, people don’t consider naming an executor of their own will until they are well past middle-age. This is when they consider themselves closer to death than to birth and thus opt to make the “proper” arrangements. This is one of the biggest misconceptions about naming an executor. It can be done at any time. This is especially important for those who have recently been widowed because they ...Continue Reading ?
Will you be my Estate Trustee?
What to do when someone asks you to be their Trustee.
Courtesy of David Mills from Mills & Mills LLP. And contributed by J. Paul Mills, Q.C.
If someone asks you if you are willing to be her or his Estate Trustee, Executor, Attorney for Property or guardian of children, you should not automatically say “Yes”. Acting in any one of these fiduciary capacities can be seen to be an honour but there are very serious responsibilities involved which should not be ...Continue Reading ?