Executors’ Duties
An executor is the representative named in a will who is responsible for settling the deceased’s estate. This may involve as many as 70 individual tasks — from filing a terminal tax return for the deceased, to distributing personal effects to named beneficiaries, and managing the estate assets until distribution is complete.
An executor’s duties can be time-consuming and complex. For even a small estate, there are many details and communications to look after. In many cases, these duties must be carried out at a time of emotional upheaval.
The Professional Alternative
RBC Trust Services offers a range of flexible and customized solutions to help an executor fulfill his or her duties. The executor still makes the decisions regarding the estate, but can leverage the services of the agent to manage some or all of the administrative tasks. The results alleviate much of the burden faced by the executor.
Further, RBC Trust professionals can be relied upon to deal with family members with sensitivity and compassion. For more information on Agent for Executor solutions available from RBC, please see our guidebook Agent for Executor Solutions.
Talk to your Group Financial Services representative to arrange for an education seminar in your office.
*Agent for Liquidator in Quebec
