Estate Administration

Estate Administration
The death of a relative or close friend is a difficult time even before you start thinking about dealing with the deceased’s financial affairs. Most people will never have been involved with the administration of an estate previously and can become confused by a host of legal terms and procedural matters. If you’ve been named or appointed as Executor, you may need to resolve many issues like life insurance policies; beneficiaries of RRSPs, RRIFs or TFSAs; jointly held assets; and much more.  Acting as an Executor can be a very tough job; many people who accept this role don’t fully understand all the duties, responsibilities and personal liabilities that come with it. If there is no will, things can become even more complicated.
 
The Turtleford Credit Union is here to help with all questions or concerns you may have. To make this process easy for you, credit unions like Turtleford Credit Union have relied on Concentra Trust for nearly 60 years to deliver professional estate administration services throughout Canada.

Executor EASE is a unique support program that helps executors understands the duties and responsibilities that come with the role. Working directly with the executor, Concentra customizes their solutions to fit the needs through their administration services. The flexibility allows executors to pick only the services they need; that may include preparation of the probate application or assistance with all of their executor duties.

What is Executor EASE?

Executor EASE is a program designed to help executors fulfill their role in administering an estate.  

You may need assistance with several or just one element of the estate administration.  Executor EASE allows you flexibility in choosing only those services that you need help with, such as:

•Locating, assembling and gathering information
•Understanding and gathering documentation
•Establishing executor authority
•Managing assets and liabilities
•Preparing statements and reporting
 
Services in the Executor EASE program are charged on an hourly basis and not as a percentage of the probable assets.  We can arrange a no cost, no obligation consultation with an Executor EASE specialist for members who are currently serving as an Executor.
 
How can Executor EASE help?

For one or several of the responsibilities required as an Executor, Executor EASE can help.  Executor EASE can provide you with professional guidance on estate administration, or act as your agent.  Estate administration professionals at Concentra understand all the legislative requirements, processes and snags that Executors can face.  If you don’t have the time, experience or desire to complete one or more of the tasks of settling the estate, Executor EASE can certainly help you.
 
There are several ways to contact or get more information on Executor EASE:

• Drop by the office to receive a brochure or to arrange a no cost, no obligation consultation with an Executor Ease specialist 
• Call Concentra Trust directly at 1-800-788-6311 ext 1888
• Email executorease@concentra.ca


Informative Links:

Settling an Estate Guide
Executor Checklist
Executor EASE
Planning Your Estate Guide
Selecting the Right Executor & Trustee
What Canadians Need to Know about Powers of Attorney and Joint Accounts