Executors Beware - It's Not An Easy Job

 “If you do mess up as an executor, it can be financially ruinous.”

                                                                 - Ian Hull, Estate Lawyer

Canada's top Estate Practitioners and Estate Litigators agree the role of the Executor is more complicated and with greater risk than in the past. Being asked to be an Executor is an honoured and cherished role, however most Executors when accepting the role are unaware, until they start to act in the administration of the estate, that they are financially liable for their mistakes. Litigation over estate-related matters is increasing, because of demographics and the fact that beneficiaries are more knowledgeable and sophisticated than ever. Executor Insurance can mitigate the risk for the Executor and help keep the estate assets intact in this challenging environment.

Learn more in this Globe and Mail article by Noreen Rasbach.

www.theglobeandmail.com

 

 

 

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Downloadable Resources

Want more information on planning, preparing and administering an estate? Download our easy to use reference guides and resources to help you along the way.

 

  • Executor Liability Insurance - Return the completed application to our office to find out if you are eligible for executor liability insurance.

 

  • Fiduciary Bonds - Have you been asked to provide a bond for the estate? Download the application and follow the directions to apply for a bond.

 

  • Free Executor Guide - If you have been asked to be an executor or are acting as an executor this guide will help you understand your responsibilities and help track your activities.

 

  • Free Will Preparation Guide - A step to step guide to the questions you will need to address when preparing your will.

  


Learn Mary's Story

Did you know the executor of your estate has unlimited personal liability?

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ERAssure is the exclusive Preferred Supplier of executor E&O insurance for Canadian Bar Association members.

ERAssure® is the exclusive Preferred Supplier of Executor Insurance for clients of Canadian Bar Association members.