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Executor Vs. Trustee: What is the Difference in Alberta?

When estate planning in Edmonton, you may hear terms like executor, trustee, and personal representative. This can be confusing as you try to develop an estate plan. Sometimes, these terms are used incorrectly or interchangeably when important differences apply. In Alberta, lawmakers took steps a while back to ensure that wording in estate plans became more standardized and simpler to understand in The Wills and Succession Act and the Estate Administration Act. So, what do executor, trustee, and personal representative mean – and how might you be affected by such roles? Request A Consultation What is [...]

By |05/02/2021|

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