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Estate Settlement and Administration

The death of a loved one is a trying and emotional time. Unfortunately, it is also a time when the surviving spouse and/or family member is required to deal with the finalizing of the deceased's estate. Even the settlement of a 'simple' estate requires specific actions to be taken to satisfy financial, legal and governmental requirements. Based on years of small, medium and large estate-settlement experience, E.E.S. is ideally qualified to provide individualized, professional, estate-settlement expertise in a timely and cost-efficient manner.

Examples of some of the tasks required:

  • Read and interpret the Will and meet with beneficiaries.
  • Determine and assemble the assets and liabilities of the Estate.
  • Prepare a Statement of Assets and Liabilities.
  • Value real estate.
  • Notify brokers, bankers, etc.
  • Apply to banker/broker for release of funds to pay for probate/legal fees.
  • Complete claims for life insurance, RRSPs, government benefits, etc.
  • Instruct solicitor to apply for Probate.
  • Close bank/brokerage accounts and safety deposit box.
  • Register assets in Estate’s name.
  • Pay liabilities outstanding at the date of death, as well as funeral, administration and 'out of pocket' expenses.
  • Sell and/or take appropriate action with respect to various holdings.
  • Advertise for creditors.
  • Prepare and file the final tax returns, returns to Date of Death, including a special return for Rights and Things and the T3 filing for the Estate (post death).
  • Obtain a Clearance Certificate from Canada Revenue Agency.
  • Prepare a partition of the assets among beneficiaries, and distribute the assets of the Estate to the beneficiaries.
  • Prepare a Final Statement of Accounts for the beneficiaries and obtain releases.
  • Perform all other services that may be required in connection with the settlement of the Estate.

 

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