#32: The biggest job you might ever have. The roles and responsibilities of an executor.

Some of the questions we get most often from clients are regarding estate planning; things like creating a legacy, getting affairs in order in case something should happen and … naming an executor.  One of the most important jobs there is.

Today by popular demand, I’m bringing back a former podcast guest Marissa Lydynia who provides estate, trust and incapacity planning services for our clients.  She is joined by her colleague Asaria Begue.

For this conversation on the role of the executor immediately following a death.

In this 30-minute discussion, we cover:

• The immediate steps a liquidator should take upon learning of a loved one's
• passing. [01:25]
• The administrative process involved in obtaining a death certificate,
• and who is responsible for contacting the funeral home. [03:47]
• An overview of the responsibilities a liquidator must undertake to settle an estate. [07:00]
• What happens when the will of a deceased person lists more than one person as an executor. [10:20]
• When the executor can seek professional expertise to handle the estate. [11:39]
• How the liquidator handles the deceased’s assets and debts. [12:30]
• Ensuring that all a deceased person’s financial inventory is accounted for. [15:57]
• Handling potential disputes between beneficiaries listed on the will. [17:57]
• Handling a deceased person’s final tax return. [19:29]
• How an executor knows when they have completed settling the estate. [21:53]

You can download our estate planning checklist here: ENGLISH   FRENCH

Thank you for listening

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