Professional, Compassionate Support for Executors
Estate Administration services
Handling an Estate Can Be Overwhelming
When a loved one passes away, the responsibility of administering their estate can seem overwhelming.
You may be in the process of planning your will and do not have a trusted friend or family member who will take on the responsibility of ensuring your final wishes are carried out as your executor.
Perhaps you have agreed to be an executor, or a loved one has passed away without a will (intestate), and you are not sure what to do next.
Our Estate Administration Service is available to guide you through the complicated and time-consuming process of settling the estate.
Read on ↓
Guiding You Through Every Step
What Does an Estate Administrator Do?
At the highest level, an Estate Administrator is responsible for managing and winding down a decedent’s estate:
- Discovering, protecting, and managing the assets of the estate
- Filing required legal paperwork
- Resolving debts and paying applicable taxes
- Distributing the net assets to heirs in accordance with the will or applicable statutes if there is no will
Tailored Estate Administration Services to Meet Your Needs
Our Estate Administration Service offers various options that can be customized to fit your specific situation:
Sole Executor Appointment: You can appoint us in your will to act as the Sole Executor, independently ensuring your wishes are carried out.
Court-Appointed Administration: If an individual has passed away intestate, we will apply to be appointed by the Court as Administrator of the estate on behalf of the beneficiaries under the Devolution of Estates Act.
The Estate Settlement Process: What to Expect
Settling an estate typically takes about 16 months and requires between 500 and 600 hours of work. The process generally includes:
Arranging the funeral
Inventorying estate assets and debts
Locating beneficiaries
Providing short-term funding until estate assets are liquidated
Arranging for the residence to be emptied, cleaned, and sold (through River Island Realty or a brokerage of your choosing)
Notifying relevant parties (friends, family, Service Canada, credit cards, etc.)
Protecting and managing estate assets
Filing taxes and obtaining a CRA clearance certificate
Making beneficiary distributions
Finalizing the estate and closing accounts
Partnering With Professionals for a Seamless Process
We work with trusted professionals to assist with the sale of assets and provide legal and accounting services. Throughout the process, we utilize EstateExec software to meticulously track assets, liabilities, debt repayments, and distributions. This ensures transparency and provides beneficiaries and Probate Court with detailed statements.
Trusted Estate Administration
Whether you need an executor for your will or guidance in settling an estate, we’re here to help. If a loved one passed without a will, we’ll navigate the legal process for you. Contact us today for expert support.