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If someone has named you as an executor, our specialists in estate and trust administration can be of valuable assistance in helping you meet your obligations, especially if the estate is complex, or distance precludes you from attending fully to your duties.
If you retain Scotiatrust to act for you, one of our professional trust officers will perform some or all of the duties involved in the administration of the estate. The trust officer reports regularly to you and the beneficiaries while you remain responsible for making the key decisions and ensuring that the wishes expressed in the Will are carried out.
Our professional trust officers will assist you at this critical time and, while being highly skilled in the legal, taxation and financial complexities of estate administration, are sensitive to the needs and concerns of the beneficiaries.
Your Trust Officer Works With you to:
- Identify, secure and prepare an inventory of the assets of the estate.
- Arrange collection and transfer of assets into the estate account.
- Arrange payment of all debts and liabilities outstanding.
- Provide advice on the estate investments.
- Arrange payment of cash legacies from the estate account and for transfer and delivery of the assets to the beneficiaries and trusts as per the terms of the Will.
- Prepare and file the deceased's tax returns.
- Prepare a full accounting of the estate detailing all transactions.
- Prepare forms of receipt, approval and release to protect you as an executor.
Have Questions?
We have information about executor assistance on our Estate Assist FAQ [PDF: 92 kb].
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