An administrator is usually a family member (next of kin) who takes legal responsibility to execute an estate of someone who didn't have a will. A beneficiary is a person or an organization who receives a benefit (inheritance) from the estate but isn't required to do any work for it. And lastly, an executor is authorized through probate court to act as the legal representative of the estate, to competently execute and complete duties laid out in the will in a timely and productive manner.
Probate is a court process that confirms the validity of the will, and authorizes the executor(s) to act on behalf of an estate via oath. A variable fee is levied by the courts commonly known as probate fees, and the amount determined is based on the value of the estate. Each province levies different fees. Grant of Probate is necessary before beginning your fiduciary duties. An out of province executor is required to be bonded.
Lawyers tend to focus on the more complex aspects of the estate, and not necessarily on the time sensitive notifications and minor tasks that you will handle yourself as executor. First time executor "confusion" can needlessly cause legal fees to rise substantially. An executor advisor can provide clarity, advice, and provide a plan that will save you money.
Preventing identity fraud is a responsibility of the executor. We live in a fast paced world and unfortunately deceptive people can take advantage of the fact you have not filed timely death notices. Contact me to help you manage it immediately. “An ounce of prevention is worth a pound of cure.”
Most executors haven't considered the immense paperwork and clerical detail that follows the funeral or cremation. Whether or not you decide to hire an estate lawyer there undoubtedly will be plenty of paperwork. If you are in need of guidance with the paperwork, contact me for immediate assistance. I am always happy to help.
You are entitled to the federal CPP Survivor's Benefit and possibly the CPP Death Benefit as well, as long as the decedent contributed for the minimum contribution period set out by Service Canada. You will also need to provide a declaration of common law union with the application.
It is advisable to have a dual signature common-law union declaration in Nova Scotia and a will in the case of common law status.
Preplanning is a key part of estate planning, just as important as making a will. A guaranteed agreement can be drafted that provides price protection and transferability. Just like life insurance. Choose a service and payment plan that suits you and let us handle the details. Preplanning relieves emotional and financial burden on the people you care about most.
Since 2008,I have been helping guide families on important decisions with estate and funerary preplanning, and compassionately assisting executors in preparing and executing their estate duties. I have a passion for making things "right", well before they can go wrong.
A mom to three grown children, I have been married since 1996 and we continue to write our family's story through our adventures and travel.
I named my company Sunrise Aftercare Solutions to symbolize the light that eventually rises through the darkness after losing a loved one. I compassionately guide executors through that dark time to avoid errors.
I hold titles and/or licenses in good standing as an Executor Advisor, Funerary Preplanner and Insurance Agent.
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