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Difference between revisions of "Choosing an Executor"
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{{REVIEWEDPLS | reviewer = [[People's Law School]] |date= 2014}} | {{REVIEWEDPLS | reviewer = [[People's Law School]] |date= 2014}} | ||
{{Writing Your Will TOC}} | {{Writing Your Will TOC}} | ||
Your '''executor''' is the person you name to carry out the instructions in your will. They are responsible for settling your affairs | Your '''executor''' is the person you name to carry out the instructions in your will. They are responsible for settling your affairs. | ||
=== What | === What are the executor's responsibilities? === | ||
The role of executor usually involves paying any outstanding debts, applying for the Canada Pension Plan death benefit, selling some assets, preparing the final tax return, and distributing the estate. How much time this takes depends on how complicated your affairs are. | |||
Your executor may need to '''probate''' the will. Probate is a legal procedure that confirms the will is legally valid. In the probate process, the executor submits special forms and the will to court. If everything is in order, the court issues a grant of probate. | Your executor may need to '''probate''' the will. Probate is a legal procedure that confirms the will is legally valid. In the probate process, the executor submits special forms and the will to court. If everything is in order, the court issues a grant of probate. | ||