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Difference between revisions of "Your Duties As Executor"
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{{REVIEWEDPLS | reviewer = [https://www.mclellanherbert.com/Our-Team.shtml Hugh McLellan], McLellan Herbert|date= October 2018}} {{Dial-A-Law TOC|expanded = wills}} | {{REVIEWEDPLS | reviewer = [https://www.mclellanherbert.com/Our-Team.shtml Hugh McLellan], McLellan Herbert|date= October 2018}} {{Dial-A-Law TOC|expanded = wills}} | ||
As an executor, you’re in charge of looking after the will-maker’s affairs after they pass away. Before you accept to act as an executor, you should understand an executor’s duties. | As an '''executor''', you’re in charge of looking after the will-maker’s affairs after they pass away. Before you accept to act as an executor, you should understand an executor’s duties. | ||
==Understand your legal rights== | ==Understand your legal rights== | ||
===The role of an executor=== | ===The role of an executor=== | ||
An | An executor is a person named in a will to deal with the will-maker’s estate after they die. The person who died and wrote the will is called the '''will-maker''' (also called the '''deceased'''). An executor gathers up the estate assets, pays the debts of the deceased, and divides what remains of the deceased’s estate among the '''beneficiaries'''. The beneficiaries are the people named in the will to inherit the estate. There can be more than one executor. | ||
===You don’t have to act as executor=== | ===You don’t have to act as executor=== | ||
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:Web: [https://www2.gov.bc.ca/gov/content/family-social-supports/seniors/financial-legal-matters/wills-and-estate-planning gov.bc.ca] | :Web: [https://www2.gov.bc.ca/gov/content/family-social-supports/seniors/financial-legal-matters/wills-and-estate-planning gov.bc.ca] | ||
{{Dial-A-Law_Navbox|type=life}} | {{Dial-A-Law_Navbox|type=life}} | ||
{{Dial-A-Law Copyright}} | {{Dial-A-Law Copyright}} | ||
