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By failing to meet these technical requirements and/or breaching their fiduciary obligations, personal representatives may expose themselves to potential personal liability under the Income Tax Act and the creditors of the deceased. The estate lawyers at BKS Law will guide you through the process of estate administration. We will advise you of your fiduciary obligations, help you perform your duties with greater efficiency, and assist with protecting you from personal liability.
The personal representative of an estate, also known as the administrator or executor, has many responsibilities, including: