Navigating You Through The Complexities Of Estate Administration And The Probate Process
Acting as an administrator or executor of an estate is a serious responsibility and can take a lot of time. As the administrator or executor of an estate, you have legal obligations. The process of estate administration may seem straightforward; however, technical requirements imposed by various pieces of legislation must be met.
In addition to these requirements, executors and administrators are exposed to potential personal liability under the Income Tax Act and the creditors of the deceased. The estate lawyers at Brawn Karras & Sanderson will guide you through the process of estate administration. We can help you perform your duties with greater efficiency, as well as provide you with protection from personal liability.
Duties Of A Personal Representative
The personal representative of an estate, also known as the administrator or executor, has many responsibilities, including:
- Gathering in and safeguarding the assets of the estate
- Paying the debts of the deceased and estate
- Distributing assets to beneficiaries
- Filing the deceased’s final tax return and estate returns
- Cancelling the deceased’s charge accounts and subscriptions
- Informing government agencies, such as Canada Pension Plan, about the death
- Preparing an estate accounting for the beneficiaries
Depending on the deceased’s assets, it may be necessary to apply to the court for a Grant of Probate or Letters of Administration. Consulting with a lawyer early in the estate administration will ensure that the administration proceeds timely and efficiently, eliminating liability, stress and frustration.
Legal Advice For Estate Administration
At Brawn Karras & Sanderson, our estate administration lawyers assist clients with all aspects of the administration process.
In addition to the firm’s principal, Kim Karras, who has practiced in this area over 30 years, an associate lawyer at our firm also advises clients on estate administration. Our team also includes dedicated skilled legal assistants/paralegals who practice in this area.
Avoid Making Missteps. Call Our Firm For Assistance.