Preparing the executor for estate administration

Fast & CompanyEstate Administration

Very few executors are surprised to find out they were named to the position, having typically been informed during the estate planning stages. Given the prior knowledge of the eventual responsibility, it might not be a bad idea for the executor to prepare for the process of estate administration in British Columbia ahead of time. Here are some tips for the executor to aid with his or her preparation.

Acting as executor of an estate is often a time-consuming and difficult process. Some people named to the position opt not to accept the responsibility. If this occurs after the testator is deceased, it could cause complications. Should one feel they are not going to be up to the task, it may be better to inform the testator as early as possible.

After deciding to accept the position, it might be a good idea to gain an understanding of the scope and the intricacies of the estate. Find out if the testator has compiled a list of his or her assets and where they can be found. Questions like these may be more difficult to get answers to after the testator has passed.

Though the task ahead may be cumbersome, preparing in advance may make matters considerably easier to handle. At any time during the estate administration process, the executor may wish to avail him or herself of professional assistance. An experienced British Columbia lawyer can use his or her knowledge of estate law to guide the executor through some of the more difficult aspects of probating and administering an estate.