RBC Executor Services
It is a great honour to be asked to serve as the executor of the estate of a friend or loved one. However, it is also a position that requires a great deal of expertise in the legal and taxation issues surrounding estates, as well as a significant time commitment. Furthermore, the executor is tasked with the settlement of the estate, with all the responsibility and liability which that role entails, during what is invariably a period of grieving.
Increasingly, corporate executor services are being used as a key part of the estate planning and settlement process. These allow for the duties of the executor to be assigned to a group with the experience and resources to ensure that the estate is settled effectively, so that one’s family and loved ones are able to focus on supporting each other during a very emotional period.
This article provides an overview of the key duties and issues involved in the settling of an estate, and the role RBC Estate & Trust services can play in the process.