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.
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?
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