Get Executor S Checklist - Rbc Wealth Management - There ''s ...

Filling out the Executor's Checklist is a crucial step in managing an estate effectively. This guide will provide you with a clear and structured approach to completing the checklist, ensuring that you navigate your responsibilities with confidence.

Follow the steps to conveniently complete the Executor's Checklist online.

1. Press the ‘Get Form’ button to obtain the Executor's Checklist and access it in your digital interface.
2. Begin with the preliminary steps section by locating the will, reviewing any specific funeral instructions, and making arrangements as necessary.
3. Ensure you obtain multiple original copies of the proof-of-death certificate, as this documentation will be required by various organizations.
4. Verify the immediate financial needs of the deceased's family to ensure they are met during the estate settlement process.
5. If necessary, move on to probate the will and pay any applicable probate taxes to the provincial government.
6. In the beneficiary relationship section, communicate with beneficiaries, gather their information, and set suitable expectations regarding the estate administration.
7. Keep beneficiaries updated with regular information about the status of the administration and provide copies of the estate summary to those entitled.
8. Safeguard estate assets by verifying appropriate insurance, notifying banks and institutions, and canceling credit card accounts, returning any cards to issuers.
9. Continue to the valuation of the estate by locating all essential investment certificates, recording estate assets, identifying debts owed, and applying for any relevant benefits.
10. Review all investments held in the estate, make recommendations on asset sales, and assist in establishing any mandated trusts.
11. Address any taxes associated with the estate by obtaining and filing outstanding tax returns, and securing the necessary clearance certificates once obligations are settled.
12. Conclusion of the checklist involves initiating asset sales, distributing assets to beneficiaries according to the will, and preparing the final accounting.
13. Finally, advise the bank in writing to close the estate account once all transactions have been completed and the estate is settled.

Start your estate management process today by completing the Executor's Checklist online.