Author: Colin Flynn
The Effect of the New Estate Administration Act in Alberta
What we term the “New Estate Administration Act” actually came into force in Alberta in June 2015. The laws encoded in the Estate Administration Act govern the duties of administrators, executors and trustees who are tasked with managing estates. Within the Act, they are referred to as “personal representatives” of the decedent — the most commonly used term now in Alberta. As well as outlining the duties of personal representatives, the New Estate Administration Act helps to explain the rights of beneficiaries, what happens when someone dies without a will, how and when a will may be challenged [...]
Difference Between an Estate Trustee and an Executor in Alberta?
If you’re estate planning in Alberta, it’s common to hear terms like executor, trustee, and personal representative. What do these terms mean and how do they differ? Should you name an executor or trustee in your estate plan? While executors and estate trustees both play an important role in estate planning, there are important differences between the terms. Most people name an executor but an estate trustee is only necessary for some estate plans. Assistance from an estate planning lawyer is necessary to draw up the relevant documents, even though the wording in the Wills and Succession Act [...]
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