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What are the responsibilities that need to be handled by the estate representative?

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• Protecting the estate assets, which includes notifying financial institutions and others of the death and canceling regular payments
• Carrying out the intentions of the deceased as detailed in the will or distributing the assets in accordance with the local estate laws
• Maintaining records of all estate-related financial transactions
• Settling all liabilities, debts, and taxes before distributing assets to beneficiaries
• Communicating with beneficiaries
• Managing investments, real estate, creditors’ claims, personal effects, and business interests
• Filing tax returns for the deceased and the estate
 
For more details check out:
Estate Guide
• Your first steps as an estate representative 

 

† Simplii Financial personal banking services are provided by the direct banking division of CIBC. Banking services not available in Quebec.
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