Ontario Executors Require Answers to Questions: Is it difficult acting as an executor?

Is it difficult acting as an executor?

The answer to this varies. Some estates are simple. But the deceased’s personal affairs could be secret, complicated or organized.

You don’t have to have other special skills or experience to be an executor. You were chosen as executor because you are trustworthy. This is a quality that is often in short supply, like common sense.

An estate administration can be simple. You may handle a few items of property, like a car; bank accounts; the paying of bills; and the filing of tax returns.

Problems can arise for executors with:

homemade wills
business assets
contested wills
claims made by creditors
disappointed beneficiaries
former common law spouses
claims by dependants

What if estate assets are complex and located in numerous jurisdictions? You may find your involvement may last several years.

On the other hand, small estate matters can be resolved in a few months. Do you think you can’t handle the job over the next 18 months?

If you are not sure, check with an estate lawyer. You are better off not getting started at all. It is easier to renounce than to quit later. Read my blog post Why Executors Need to Assess Risks.

About Edward Olkovich

I am a Toronto estate lawyer and Certified Specialist in Estates and Trusts Law. I edit Carswell’s legal guide Compensation and Duties of Estate Trustees, Guardians and Attorneys. I have handled estate disputes and probate problems since 1978.

Posted In: Executors On: May 27th, 2016

“I want to thank Ed and his firm for getting me through a very difficult time. He was recommended to me by another lawyer and I am grateful for that recommendation. Ed kept me grounded, listened to me, counseled me and supported me. I do so appreciate that. And he is worth every penny. Thank you!” - Claudia R, Toronto

“Thank you for your professional advice and lawyering while I was planning my will, all accompanied with your patience and a sense of humour.” - Valerie G, Toronto

“Ed is a "straight shooter" who tells it like it is and helps you make the best possible decisions in your circumstances. I've personally seen the "magic" he can work in an estate and recommend him without reservation to anyone who wants an iron clad will or estate advice and management that saves money, frayed nerves and friendships.” - Jim R, Burlington

I have used Edward Olkovich for my own Will and I was the executor of my Brother-in-law’s will. My brother-in-law had a terminal illness and Edward had us devise his Will to minimize taxes and problems. Ed is located locally @ Jane and Bloor. He was very knowledgeable, friendly and thorough and has written many books on the subject. - Belinda M, Toronto

Ed is a thorough, responsive estates lawyer who I would recommend to anyone when needing a will or dealing with estate issues. - Eva S, Toronto

Dear Ed and “Team Olkovich” “Thank you for your knowledge, expertise and hard work to make our executor duties (almost) stress-free. Will miss the laughs and stories you tell so well. All our appreciation always!” - Pat, Dave & John, Toronto

Dear Ed, Thank you for all your wisdom and kindness throughout the process of settling Ann’s Estate. - Cheryl, Toronto

“The easiest professional I had to deal with to settle my parents’ needs was Ed. I told him what we needed. He was gracious with his advice and help - without delaying matters.” - Iain N., Toronto

“Magic! The guy knows magic!” - Steve G., Toronto

“In the land of estate law, Ed is King.” - Cheryl W., Toronto