10-05-2024 22:24 via moneysense.ca

How executors get paid in Canada

In Canada, the role of an executor in administering a deceased person’s estate is both significant and complex. Executors play a crucial role in settling an estate, which involves tasks such as distributing assets, paying off debts and ensuring the deceased’s final wishes are carried out. In return for their efforts, executors are entitled to claim for compensation. However, the rules regarding executor compensation vary across provinces, and there are distinct benefits and pitfalls
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