Private Trust
Choosing the Executor of Your Will
One of your most important estate planning decisions is naming an Executor to ensure that your wishes are carried out exactly as stated in your Will.
Some people still think that this is an honour to be bestowed on a family member or friend. What they don't realize is how demanding and time-consuming the duties can be. To get things done quickly and without added costs, and to meet all legal and financial responsibilities, your Executor has to be knowledgeable in many disciplines. If not, specialists may have to be hired and their fees are charged to your estate.
You also have to think about the emotional pressure on Executors. A relative or friend may be held personally liable if mistakes are made and has to stay completely impartial during what can be a very stressful time.
With all these complexities and responsibilities, many people choose TD Waterhouse Private Trust, through The Canada Trust Company, as their Executor. Our specialists work together to help settle your estate without delay and cost-effectively. Most importantly, your beneficiaries will deal with one experienced Estates and Trusts Specialist who coordinates all our services with a clear understanding of your goals and sensitivity to your family issues.
Choosing to have Private Trust act as a Co-Executor with a spouse, other family member, or friend is another option. Major decisions are made jointly while we take responsibility for all the day-to-day administration and management activities. Your beneficiaries will have the advantages of our professional administration and the personal knowledge and understanding of someone close to you.
Resources for Will and Estate Planning
Our Estate and Trust Specialists would be happy to answer any questions you may have. If you would like to learn more about our services or arrange a meeting with one of our Specialists, please contact the TD Waterhouse Private Trust branch nearest you by consulting our Private Trust Branch Directory.
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