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
What Are the Main Duties of a Trustee of an Estate?
At some point during the probate of an estate, the estate’s personal representative ceases to act as the executor and becomes the estate’s trustee. This usually happens once all of the personal representative’s duties have been met. Trustees are responsible for maintaining the assets of the decedent’s estate once all legitimate debts have been paid. According to the Law of … Read More