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What are the Duties of the Estate Trustee
A Trustee’s duties start immediately upon death. The job is a complex one and can take a year or perhaps longer to complete all the tasks. Some of the duties of a trustee include the following: - Make funeral arrangements
- Find the will and determine it is the last will
- Retain a lawyer to advise and assist in the administration of the estate
- Locate and take control of all assets
- Ensure that all property is protected (ensure property is secure, has sufficient insurance and is checked regularly)
- Prepare an inventory, value the assets and keep an account
- Instructs the lawyer to prepare the documents to apply for a Certificate of Appointment of Estate Trustee (formerly called Probate)
- Open an estate bank account
- Deal with debts and claims against the estate
- Convert Real Estate holdings to cash
- Pay taxes owing by the deceased and the estate
- Be accountable to the beneficiaries
- Distribute all goods and proceeds to the beneficiaries
The list is even more extensive and there are some great checklists to you help you through the process. Checklist #1 and Checklist #2
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June Smith, B.A.Sc.
Re/Max Aboutowne Realty Corp., Brokerage
Sales Representative
905-842-7000 june@junesmith.ca
Over 20 Years Award Winning Service
June Smith offers practical advice you can use to help sell a family member's home.
Let me know how I can help you today.

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