Inheritance scams commonly involve an individual claiming to be the executor for the estate of a 'long lost relative' who the victim hasn't met. They tell the victim that they are entitled to a large inheritance from the estate. However,…
Executors and beneficiaries are often aware of the executor’s year – a common law principle stating that an executor has a year from the testator’s death to finish administering the estate and distribute its assets. During the executor’s year, beneficiaries…
The executor of a will has a handful of responsibilities when administering an estate – including accounting for all estate assets, debts, and money exchanges coming into and out of the estate. Once the executor finishes the administration process and…
An estate executor must act in the best interests of the beneficiaries as part of their responsibilities. Executors have a fiduciary duty to act in the best interest of beneficiaries, regardless of their personal relationship. Sometimes, the executor and beneficiaries…
If you’ve recently been named as a beneficiary of a will for the first time in your life, you’re probably wondering what you have to do to receive your inheritance. In some cases, beneficiaries don’t even know that they are…
Executors have several responsibilities when administering an estate. This includes accounting for all assets, debts, and money exchanges coming into and out of the estate. When the executor is ready to distribute to beneficiaries, they are typically required to provide…
The executor of an estate has several responsibilities. These include accounting for all assets, debts, and funds entering or leaving the estate. When the executor is ready to distribute the estate to the beneficiaries, they are required under BC’s Trustee…
To challenge a will, interested parties can issue a notice of dispute to the courts to pause the estate administration. For the majority of will challenges, the notice of dispute must be issued before the will has been granted probate.…
Will writers can specify a survivorship period where the beneficiary must survive the will-writer beyond a specified period, or else their gift will be lapsed and given to someone else. Essentially, a survivorship period gives the will-writer more power over…
