Executor's Guide (Canada Version)

Executor at Sunset

When a parent or someone close to you passes away, it can be a trying experience. In addition to dealing with natural feelings of grief, there are a number of practical matters that need attention: funeral arrangements, obtaining death certificates, reading the will, probate, distributing assets, and so forth.

This Guide explains key responsibilities and tasks associated with the death of a loved one, with an emphasis on the duties of the estate executor (also known in some provinces as the personal representative, administrator, estate trustee, or liquidator). While this guide is not intended to provide legal or tax advice, nor to provide exhaustive coverage for all possible situations, we hope you will find EstateExec useful and helpful, as many others have before you.

The Basics

Fundamentally, it is the executor's responsibility to manage and wind up the deceased person's estate, resolving any debts, distributing assets to heirs, and filing legal paperwork.  A somewhat simplified view of the overall estate settlement process consists of the following overlapping steps:

  1. Arrange Funeral — Request burial or cremation, organize memorial, order death certificates, etc.
  2. Take Inventory — Find and organize all estate assets and debts
  3. Become Executor — Get appointed by the court (if going through probate)
  4. Send Notifications — Notify friends and family, social security, banks, credit cards, etc.
  5. Manage Estate — Maintain and care for assets; plan asset disposition
  6. Resolve Debts — Pay off debts in full, or arrange for debt forgiveness
  7. File Taxes — Submit relevant tax returns: decedent income, estate income, etc.
  8. Make Distributions — Distribute net assets to heirs
  9. Wrap It Up — Finalize the estate settlement, including probate final accounting (if applicable)

At multiple stages along the way you may have to file legal and tax paperwork, and while EstateExec will supply relevant information, it may be helpful to work together with a lawyer (see Do I Need a Lawyer?).  While many estates must go through probate, which is the court-supervised version of estate settlement, the diagram below illustrates the steps that generally apply to every estate, whether or not probate is involved:

Infographic about the executor process and requirements

Like so many things in life, being an executor can become an all-consuming activity if you let it. While individual circumstances may sometimes require significant effort, it is EstateExec's job to try to minimize that effort, to help you through the basic process, and to organize the relevant information to make it easier for you and everyone involved.

Duties by Time Period

Click links in the table below, or the content tree to the left, to learn about various tasks. If you are using EstateExec™ it will customize an interactive checklist for you, incorporate state-specific requirements, calculate due dates, and more (see Sample Estate: Tasks tab).

In AdvanceGet contacts, obtain copies of important documents, etc.
First WeekNotify close friends and family, arrange funeral, order death certificates, etc.
First MonthNotify Service Canada, decide whether to hire a lawyer, etc.
First 3 MonthsNotify insurance companies, open estate account, begin probate, etc.
Calendar YearFile annual property and income tax returns
General TasksPay off debts, pay estate taxes, plan asset distributions, etc.
Final TasksMake distributions, finalize probate, close estate account, etc.

Probate

Probate is the court-supervised process of administering and settling a decedent's estate. Not all estates need court involvement, and EstateExec can help you figure out the requirements for your estate (see Is Probate Required?). In general, an estate will have to go through probate unless it contains only assets that automatically transfer to named beneficiaries (such as RRSPs), or if the estate qualifies to use one of the state-specific small estate procedures. Regardless of whether or not probate is required, settling an estate requires a fair amount of effort, and EstateExec can help guide you throughout the process.

Responsibility and Authority

Some tasks can be performed by anyone, such as notifying next of kin, while others have strict legal requirements. For example, some provinces require that an estate administrator reside in the decedent's province. If you are using EstateExec, it will indicate the rules that apply to your situation.

Key Topics

You can click the links below, or in the table of contents to the left, to learn more about key aspects of the estate executor process. Aside from a number of checklist items, perhaps the central aspect of serving as an estate executor is resolving estate debts and distributing net assets to the heirs.

Careful Record Keeping

It's important to keep good records during this process, as you may need to account for your actions to the court or to other heirs. EstateExec makes estate administration easy, in essence providing a powerful spreadsheet custom-built for handling the estate settlement process, including automatic integration between the various tabs and activities so everything tracks automatically and minimizes errors. Moreover, EstateExec can then use these records to calculate things such as adjustecd cost base, executor fees, and more. And with EstateExec, you can access your records from anywhere, save them in PDF format, print them out, or even import the results into other programs.

Example first page of Final Accounting report for estate probate settlement

EstateExec™ Makes It Easy!

Think of EstateExec as something like TurboTax®, but for estate executors. 
With $$ coupons. 

EstateExec includes automated guidance, automated financial accounting, and even the option to work together online with your lawyer or other interested parties. You can get started using EstateExec for free, and if you find it useful, pay a one-time CA$129 licensing fee (per estate).  Plus, EstateExec provides coupons for discounts on helpful third-party services, such as junk removal, which will more than pay for the license price!

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