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Difference between revisions of "Ten Steps to Being an Executor"
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Ten Steps to Being an Executor (view source)
Revision as of 18:11, 22 July 2015
, 18:11, 22 July 2015→Step 8: List the assets and liabilities
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Do not list assets that are owned in joint tenancy or that name a specific beneficiary, such as an RRSP. These do not form part of the estate. | Do not list assets that are owned in joint tenancy or that name a specific beneficiary, such as an RRSP. These do not form part of the estate. | ||
If you cannot obtain information about all of the deceased’s assets you can still apply for a grant of probate or administration. The court registry will process your application and issue an “Authorization to | If you cannot obtain information about all of the deceased’s assets you can still apply for a grant of probate or administration. The court registry will process your application and issue an “Authorization to Obtain Estate Information”. This authorization can be taken to a financial institution and they will be obligated to provide you with the deceased’s financial information. | ||
If you are not sure you know about all the debts, you may wish to advertise to creditors who have claims against the estate. After March 31,2014 you only need to publish a notice in the BC Gazette. | If you are not sure you know about all the debts, you may wish to advertise to creditors who have claims against the estate. After March 31,2014 you only need to publish a notice in the BC Gazette. | ||