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ESTATE LAW - Frequently Asked Questions

What does an Executor do?

The executor (sometimes called the "estate trustee") is the person named in your Will who will execute or administer your estate.  The Executor is responsible for your funeral, payment of debts and income tax, and carrying out the terms of your Will and selling or transferring your assets to your beneficiaries.  The Executor may hold the shares of your estate for your children in which case he is called your trustee.

The executor is commonly your spouse and an alternate is usually named in case the primary spouse is deceased or unable to act.  The alternate executor is often an adult child or a friend or relative. Lawyers, accountants and trust companies will also act as executors but they usually get paid for their work.  Your executor and trustee must be someone in whom you have faith and trust.

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This information is a brief summary for information purposes only and is applicable only in the Province of Ontario. It is not intended to be legal advice. Full and complete legal advice can only be given by a lawyer who has detailed information about your individual circumstances.