Anonymous

Difference between revisions of "Ten Steps to Being an Executor"

From Clicklaw Wikibooks
Line 136: Line 136:
* '''Life insurance:''' Begin claims on life insurance policies including group insurance or other plans.
* '''Life insurance:''' Begin claims on life insurance policies including group insurance or other plans.
* '''Wages and benefits:''' Contact the will-maker’s employer to verify any income owing and to determine any benefits to which the spouse or family may be entitled.  
* '''Wages and benefits:''' Contact the will-maker’s employer to verify any income owing and to determine any benefits to which the spouse or family may be entitled.  
* '''Government benefits:''' Contact [http://www.esdc.gc.ca/en/pension/cpp/index.page Canada Pension Plan] and [http://www.esdc.gc.ca/en/pension/oas/index.page Old Age Security] to cancel pension benefits. Establish whether any surviving spouse or children are eligible for survivor or continuing benefits.
* '''Government benefits:''' Contact [http://www.esdc.gc.ca/en/cpp/cancel.page Canada Pension Plan and Old Age Security] to cancel pension benefits. Establish whether any surviving spouse or children are eligible for survivor or continuing benefits.
* '''Investments:''' Locate all original investment certificates, stocks, or bonds, and obtain the market value as of the date of death.
* '''Investments:''' Locate all original investment certificates, stocks, or bonds, and obtain the market value as of the date of death.
* '''Real estate:''' List all real estate that the will-maker owned alone or with others. List any mortgages. Have appraisals done, as of the date of death, on any properties that were not jointly owned.
* '''Real estate:''' List all real estate that the will-maker owned alone or with others. List any mortgages. Have appraisals done, as of the date of death, on any properties that were not jointly owned.
Line 165: Line 165:
{{PLSTipsbox
{{PLSTipsbox
| text = An executor must notify a surviving spouse that he or she may have a right to the spousal home. If the executor disposes of the home without having provided proper notice, the executor may be liable.
| text = An executor must notify a surviving spouse that he or she may have a right to the spousal home. If the executor disposes of the home without having provided proper notice, the executor may be liable.
}}  
}}


== Step 7: If necessary, apply for probate ==
== Step 7: If necessary, apply for probate ==
9,075

edits