I Am the Executor or Administrator of an Estate: Difference between revisions
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I Am the Executor or Administrator of an Estate (view source)
Revision as of 14:06, 5 April 2014
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To apply for probate the executor must give notice of the proposed application to beneficiaries and certain other family members, creditors and others. Someone who is applying for administration must give notice of the application to those who are entitled to a share of the estate, and may need to get a consent to the application from others who would also be able to apply as well as from creditors. | To apply for probate the executor must give notice of the proposed application to beneficiaries and certain other family members, creditors and others. Someone who is applying for administration must give notice of the application to those who are entitled to a share of the estate, and may need to get a consent to the application from others who would also be able to apply as well as from creditors. | ||
Certain affidavits must be completed and filed in court, together with the originally-signed version of the will, or if the original does not exist, a copy of the will. The affidavits will include an inventory of the assets and the debts of the person who died | Certain affidavits must be completed and filed in court, together with the originally-signed version of the will, or if the original does not exist, a copy of the will. The affidavits will include an inventory of the assets and the debts of the person who died. | ||
Once a grant of probate or administration has been issued by the Supreme Court of BC, the executor or administrator will have full authority to deal with the estate assets. He or she must pay the debts of the person who died. He or she must also file tax returns in respect of that person, and apply for a clearance certificate from Canada Revenue Agency. He or she then distributes the estate to the beneficiaries. | Once a grant of probate or administration has been issued by the Supreme Court of BC, the executor or administrator will have full authority to deal with the estate assets. He or she must pay the debts of the person who died. He or she must also file tax returns in respect of that person, and apply for a clearance certificate from Canada Revenue Agency. He or she then distributes the estate to the beneficiaries. | ||
