Our Professional Executors are Ready to Help
So You’ve Been Named an Executor…
It’s a
Big Ask,
and a
Big Task
You Don’t Have to Do it Alone
Serving as an executor can be overwhelming. Not everyone has the time, skills, or emotional bandwidth to handle the scope of an estate’s legal, financial, and personal responsibilities.
At Avisar Everyday Trust, we work as professional estate administrators, taking on the executor role, and all of the many hours of work, complications and stress that come along with it. Our experienced team of accountants, financial experts, and trust professionals provides comprehensive estate administration throughout the Lower Mainland and Fraser Valley, managing the entire executor process from start to finish — with professionalism, accuracy, and empathy.
Why Hire A Professional Executor?
To eliminate your personal liability for inaccurate reporting or missed deadlines
To protect you from the stress and time-consumption of the task
To reduce instances of family disputes
To support you during what can be an emotionally challenging time
Frequently Asked Questions
What does an executor’s role entail?
The executor of a personal estate has a number of important responsibilities, which can be summarized as:
- The executor must access and review the Will and notify the next of kin and beneficiaries.
- The Will must be “probated”, which means that in order to administer the estate, the executor must be able to prove that he or she has the legal authority to do so.
- The executor is responsible for making funeral arrangements and paying funeral expenses out of the estate.
- The executor must make an inventory of the property in the estate and its value.
- The executor must protect the property of the estate, ensuring that all valuables are kept safe and that the property is fully insured.
- Until the estate is distributed, the executor must keep the money and investments in the estate properly invested. They must choose low-risk investments, as beneficiaries could sue for making bad investments and reducing the value of the estate before it is given to them.
- Once the estate has paid all the debts and taxes, the executor is able to distribute the property to the beneficiaries.
- Finally, the executor must provide detailed accounts to the beneficiaries including a list of everything that was received and paid out by the estate.
How long does it take to execute a personal estate?
In Canada, personal estates generally take between 3 and 12 months, depending on the size of the estate and its complexity. The executor will spend on average 570 hours completing the job.
Is it easy to transfer the responsibility to a professional executor?
Generally, yes. Once you have been appointed an executor, you have the legal right to pass the responsibility to another. It’s not uncommon for a personal executor to hire a lawyer, accountant and/or notary to handle legal and financial aspects of the estate. When you work with The Executors, all those responsibilities are included in our service.
How is the executor’s fee calculated?
In British Columbia, executors of an estate are entitled to a maximum compensation of 5% of the gross aggregate value of the estate under the Trustee Act. However, these provisions of the Trustee Act are not applicable where the executor’s or trustee’s compensation has been fixed by the Will or Trust. The executor’s fees are not paid until the responsibilities to the estate have been concluded.
Serving Clients Across the Fraser Valley and Lower Mainland
Professional executor services are available in:
Langley, Vancouver, Surrey, White Rock, Burnaby, Coquitlam, Delta, Richmond, Abbotsford, and surrounding communities.
Make Estate Administration a Breeze
Ready to get help with your Executor role? Our Professional Executors will take on that stress and workload, ensuring the estate is handled with compassion, expertise and attention to detail, so you can focus on what matters most. Connect with our team today.