If someone has asked you to be an executor of their estate, it is important to understand the responsibilities of the role before accepting. Being an executor comes with legal and administrative duties and knowing what is expected can help you feel more prepared. Here is a breakdown of what you should know:

What is an executor?

An executor is the person who administers the deceased’s estate in accordance with the wishes outlined in their will.

What is their role and responsibilities?

The main responsibilities of an executor are to:

What does an executor need to know about the person whose wishes they are carrying out?

An executor should know the location of the deceased’s will and important documents. Locating the will is the first thing an executor should do when acting on behalf of the deceased’s estate. To assist, here is a printable checklist of executor duties.

What can you expect when communicating with Provincial Credit Union as an executor

Provincial Credit Union ensures that members’ assets held at Provincial Credit Union are safely secured. Provincial Credit Union staff work also with executors to provide guidance on creating an estate account to manage the funds of the estate. An executor should have all documentation, such as the death certificate and will, when they come to Provincial Credit Union to request financial documents or to create an estate account.