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Vancouver Estate Administration And Litigation Blog

Beware of the challenges of being an executor of an estate

When a loved one or a trusted friend in British Columbia asks you to be the executor of his or her estate, it is a great honour. It shows that he or she regards you as a trustworthy person who will be able to handle the necessary tasks to close the estate. These include the collection of assets, settlement of debts, filing of the necessary tax returns and the distribution to the beneficiaries.

However, be aware that you have a choice if you are asked to be an executor, and the acceptance of the appointment is up to you. It is important to understand the challenges you will have to face before you give your approval to take on the responsibility.