BLOG & STORIES
Checklist: Executor’s Duties
Wednesday, 27 June 2018
Being an executor is an important obligation not to be taken lightly. There are many duties that are necessary. Initial Work The Estate Trustee or executor’s first steps are to make funeral/burial arrangements, obtain the Funeral Director’s Proof of Death and deceased’s identification, bank and credit cards, Last Will (any codicils), valuables needing safekeeping, notify
Administration Bonds
Thursday, 21 June 2018
What is an Administration Bond? An administration bond is a promise to pay under specified circumstances, undertaken by a prospective estate trustee, to protect the interests of the beneficiaries and creditors if the estate trustee misappropriates assets of the estate or otherwise perpetuates a fraud on the estate. The bond is obtained from a surety
- Published in General
Insolvent Estate Administration
Wednesday, 13 June 2018
What happens if I die without enough assets to satisfy my debts? When someone dies with insufficient assets to meet the claims of their creditors, they leave an insolvent estate. The Bankruptcy and Insolvency Act and the Trustee Act govern the administration of insolvent estates, and the legislation allows executors to pay for “proper funeral
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