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{{REVIEWEDPLS | reviewer = [[Stephen Hsia|Stephen Hsia]]|date= March 2019}}{{Being an Executor TOC}} | {{REVIEWEDPLS | reviewer = [[Stephen Hsia|Stephen Hsia]]|date= March 2019}}{{Being an Executor TOC}} | ||
When the person who makes a will dies, their '''executor''' carries out the instructions in the will. | When the person who makes a will dies, their '''executor''' carries out the instructions in the will. Learn the main steps involved. | ||
== The executor's role, in a nutshell == | == The executor's role, in a nutshell == | ||
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If the deceased had assets or income in another country, you may need to file a foreign income tax return as well. | If the deceased had assets or income in another country, you may need to file a foreign income tax return as well. | ||
After the income tax is reported, assessed and paid, apply for a '''clearance certificate'''. For your own protection, you should have this certificate before you begin to distribute the estate. For more information, see the Canada Revenue Agency publication ''Preparing Returns for Deceased Persons'', available at [http://canada.ca/tax] or by calling 1-800-959-8281. | After the income tax is reported, assessed and paid, apply for a '''clearance certificate'''. For your own protection, you should have this certificate before you begin to distribute the estate. For more information, see the Canada Revenue Agency publication ''Preparing Returns for Deceased Persons'', available at [http://canada.ca/tax canada.ca/tax] or by calling 1-800-959-8281. | ||
== Step 9. Account to the beneficiaries == | == Step 9. Account to the beneficiaries == | ||
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=== A witness may be able to receive a gift === | === A witness may be able to receive a gift === | ||
Check if anyone receiving a gift under the will is a witness. They ''may'' be able to inherit under a will. The witness has to apply to court and show that the will-maker intended to make the gift ''even though'' the beneficiary was a witness. If the court isn’t satisfied, the gift to the witness is void. Either way, the remainder of the will won’t be affected. | Check if anyone receiving a gift under the will is a witness. They ''may'' be able to inherit under a will. The witness has to apply to court and show that the will-maker intended to make the gift ''even though'' the beneficiary was a witness. If the court isn’t satisfied, the gift to the witness is void. Either way, the remainder of the will won’t be affected. | ||
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