Estate Administration is the process of determining and distributing assets at death. Your choice of executor is key to successful estate administration. You may believe that naming a family friend or relative as your executor is bestowing an honour on them. In reality, doing so imposes a heavy responsibility.
Executors must often devote substantial time and effort to the task. They can face challenges from disappointed beneficiaries and be held personally liable for mistakes. When choosing an executor, consider his or her abilities and the complexity of your estate plan.
(Important note: These comments and all comments on this website are provided for general information purposes only and should not be construed as legal advice. The reader should seek and specifically retain an estates lawyer before acting on this information.)
Providing legal services in Oakville, Burlington, Mississauga, Toronto, and the rest of the GTA.