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Difference between revisions of "Ten Steps to Being an Executor"
From Clicklaw Wikibooks
Ten Steps to Being an Executor (view source)
Revision as of 22:04, 15 February 2016
, 22:04, 15 February 2016→Step 6: List the assets and liabilities
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* '''Life insurance:''' Begin claims on life insurance policies including group insurance or other plans. | * '''Life insurance:''' Begin claims on life insurance policies including group insurance or other plans. | ||
* '''Wages and benefits:''' Contact the will-maker’s employer to verify any income owing and to determine any benefits to which the spouse or family may be entitled. | * '''Wages and benefits:''' Contact the will-maker’s employer to verify any income owing and to determine any benefits to which the spouse or family may be entitled. | ||
* '''Government benefits:''' Contact [http://www.esdc.gc.ca/en | * '''Government benefits:''' Contact [http://www.esdc.gc.ca/en/cpp/cancel.page Canada Pension Plan and Old Age Security] to cancel pension benefits. Establish whether any surviving spouse or children are eligible for survivor or continuing benefits. | ||
* '''Investments:''' Locate all original investment certificates, stocks, or bonds, and obtain the market value as of the date of death. | * '''Investments:''' Locate all original investment certificates, stocks, or bonds, and obtain the market value as of the date of death. | ||
* '''Real estate:''' List all real estate that the will-maker owned alone or with others. List any mortgages. Have appraisals done, as of the date of death, on any properties that were not jointly owned. | * '''Real estate:''' List all real estate that the will-maker owned alone or with others. List any mortgages. Have appraisals done, as of the date of death, on any properties that were not jointly owned. | ||
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{{PLSTipsbox | {{PLSTipsbox | ||
| text = An executor must notify a surviving spouse that he or she may have a right to the spousal home. If the executor disposes of the home without having provided proper notice, the executor may be liable. | | text = An executor must notify a surviving spouse that he or she may have a right to the spousal home. If the executor disposes of the home without having provided proper notice, the executor may be liable. | ||
}} | }} | ||
== Step 7: If necessary, apply for probate == | == Step 7: If necessary, apply for probate == | ||
