Executor Liability Insurance

August 4, 2016

The changes to estate settlements as of January 1 of this year place a greater liability on the executor of an estate. The executor is liable for reporting of all assets and for filing the appropriate documents. The liability is not transferred to any professional the executor hires to assist in the settling of the estate. Advocis, the Financial Advisors Association of Canada, offers ERAssure – Executor Liability Insurance to protect both the executor and the estate from potential legal liabilities. If this is of interest, please give me a call.

Read more