Generally, the task of an executor begins following an unfortunate loss. This may be a very difficult time for that person, and his or her only wish is likely to see the job of estate administration through as efficiently as possible. However, should a will be challenged, this can delay the process and make the task even more laborious. A … Read More
Making Funeral Arrangements Is a Part of Estate Administration
The executor of an estate has numerous duties, though many people may assume it is just a matter of probating the will and distributing the assets. While those are the two main tasks of estate administration in British Columbia, there are numerous sub-tasks and related duties, as well. For example, the executor may need to make many decisions concerning the … Read More
Searching for Heirs Is an Important Part of Estate Administration
The duties of an executor or administrator of an estate are many and varied. The court takes estate administration seriously and assumes that the executor will perform his or her duties with care and diligence. One of the more complicated roles of the executor may be locating heirs. Courts in British Columbia and across Canada expect the person charged with … Read More
What Do I Need to Know About Wills and Estates?
The intent of the 2014 Wills, Estates and Succession Act was to modernize estate law in the province while also making the probate process easier for the public. Probate is needed as per the policies of the financial institutions or agencies holding the assets that are part of a deceased person’s estate. Some agencies require executors to apply for representation … Read More
The Responsibility of Estate Administration
Congratulations, you’ve been named as executor of your late friend’s or family member’s estate. It may seem a dubious honour, but it means that the person trusted you a great deal. As such, it’s important that you are capable of carrying out their wishes as they intended. That may sound simpler than it is, however. An executor does not have … Read More
How Do I Probate an Insolvent Estate?
Being in charge of probate for an insolvent estate is truly a thankless task, yet if you have accepted this assignment, you must carry out your duties. These types of estates are usually best administered by a lawyer, as now the executor will need to become familiar with not just British Columbian estate laws, but bankruptcy laws as well. There … Read More
What Do Alternate Estate Executors Need to Know?
Sometimes people named as executors of estates are unable to serve in that capacity. They may have died at the same time as the decedent, as in spouses killed in an accident, or they might have predeceased the decedent. There are other reasons that could preclude a named executor from carrying out his or her duties. Perhaps that person no … Read More
Protecting Estate Assets as an Executor
If you are the executor of someone’s estate, it’s incumbent upon you to preserve and protect the assets that now belong to the estate. Sometimes this is relatively simple, such as locking up the decedent’s former home with their property safe inside. But other times, it may be far more difficult. For instance, if there are valuable pieces of jewelry … Read More
Important Things to Know About Probate for the Executor
Being named as executor of an estate is a solemn responsibility. While it may be a source of some pride to be named to such an important position, many would-be executors are understandably daunted by the enormity of the task. Estate law is fairly complex, and the process of probate can be confusing and possibly lengthy. For those British Columbia … Read More
Funeral costs are often the first matter of estate administration
There are many responsibilities suddenly heaped upon the executor after a person dies. The order in which these responsibilities need to be handled is not always readily apparent. However, one of the very first tasks of estate administration In British Columbia is arranging the funeral. It is quite possible the deceased left instructions for his or her funeral in the … Read More
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