After someone dies, the executor or estate trustee makes sure that the wishes stated in the deceased person's will are fulfilled. The process usually starts with these steps:
- Find and read the will.
- Help the family arrange the funeral.
- Help the family get what it needs right away, such as money to pay bills.
- Get legal advice. Most often, the executor will talk to the lawyer who drew up the will.
- Let anyone named in the will know that they are the person handling the estate.
- Put the will through probate. Every will must go through this process.
Always make sure your executor knows where to find your will. On the other hand, if you have lost a loved one and you are the executor, make sure you know where to find your loved one's will.
Learn more now: How does probate work?
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.