Posts Tagged 'Wills and Estate'

What are an Executor’s Duties?

What are an Executor’s Duties?

Courtesy of Kareim M. Abbouda, Financial Advisor

Personal representative checklist
This checklist will provide a better understanding of your many duties as an Executor; however, depending on the situation and your relationship with the deceased, not all points will apply. It is recommended that you seek legal advice at the outset if you think it might be necessary.

Making necessary arrangements
In general, the following arrangements will need to be looked into immediately after death:

Arranging the funeral
– Notify family, friends, heirs ...

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Dying Without a Will

Dying Without a Will

Courtesy of David Mills from Mills and Mills LLP.

If a person dies without a valid Will, lawyers say that the person died “intestate” or that they left an “intestacy” (whereas a person with a Will dies “testate”). Many people have no idea – or, more frequently, the wrong idea – of what will happen to their money if they die intestate.

In Ontario, Part II of the Succession Law Reform Act governs how a person’s estate will be distributed ...

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