Executor’s Duties: A Solemn Responsibility
If you have been named in a will to carry out your loved one’s final wishes, you are taking on a heavy responsibility, with sometimes onerous duties and personal liability should anything go wrong.
With the Wills, Estates and Succession Act, British Columbia has introduced a new set of principles, forms and procedures to estate law. Estate administration has become complex and risky even for people who work in this area full time.
At Richmond’s Fast & Company, we carry out duties like these all the time. We know the law and the reasoning behind it. More importantly, we know how difficult it can be to be in your position. We know that you are handling complex legal procedures at the same time as you deal with a death in the family, with all the uncertainty, emotion and conflict that can arise.
Helping Executors Through A Difficult Time
Predicting how long it will take to settle an estate is never easy. It depends on a number of factors, including:
- Amount of property to be appraised
- Complexity of property to be appraised and distributed, including real estate and business interests
- Number of accounts in different financial institutions
- Existence of assets outside of British Columbia
- Any family complications
We can help you carry out your duties. These include applying for probate in order to be permitted to act as executor, distributing assets, paying off debts, and recognizing when there may be conflicts or complications.
We can help, whether you want simple advice, or somebody to completely take over and act on your behalf, or something in between.
Fast & Company can also offer seamless one-stop services for any real estate needs related to the estate. A skilled, trusted realtor and lawyer will work alongside you during the whole sale process through our innovative RELEX™ program.
We can also provide notary services, help with any business needs related to the estate, and referrals to trusted professionals outside of our organization if necessary.
Fast & Company Law Firm: contact our office at 604-273-6424.
Come in for a consultation. We represent clients in Metro Vancouver, Richmond, Delta, Surrey and throughout the Lower Mainland.