Checklist for Executors


The following is a partial list of the duties and responsibilities of an executor/trustee

  • Make all funeral arrangements.
  • Notify all financial institutions. Obtain up-to-date balances on all savings, investment and chequing accounts.
  • Locate insurance policies and determine amounts payable. Notify insurers.
  • List contents of safety deposit box.
  • Review personal papers to determine assets and liabilities.
  • Prepare detailed statement of assets and liabilities.
  • Arrange for storage and insurance of assets that need it.
  • Notify beneficiaries of their entitlement under the Will.
  • Apply for insurance amounts payable to the estate.
  • Redirect mail and cancel subscriptions or charge accounts. Destroy credit cards.
  • Obtain all unpaid wages, insurance and pension benefits from employer.
  • Apply to the court for Letters of Probate.
  • Advertise for creditors.
  • File income tax for year of death and outstanding returns from former years.
  • Apply for Canada Pension Plan benefits, and any foreign benefits also payable.
  • Pay funeral expenses, income taxes and debts.
  • Pay bequests and distribute specific gifts according to the Will.
  • Retain sufficient cash to carry out final steps.
  • File the estate's tax return and pay tax owing.
  • Pay legal, executor, accounting and other fees related to administering estate. Pay Probate.
  • Arrange sale or transfers of estate assets to the rightful beneficiaries.
  • Prepare and distribute a final report to beneficiaries.