{"id":10310,"date":"2023-12-13T15:37:36","date_gmt":"2023-12-13T15:37:36","guid":{"rendered":"https:\/\/aliviodownsizing.com\/?p=10310"},"modified":"2023-12-13T16:07:18","modified_gmt":"2023-12-13T16:07:18","slug":"estate-clearing-a-checklist-for-executors","status":"publish","type":"post","link":"https:\/\/aliviodownsizing.com\/fr\/estate-clearing-a-checklist-for-executors\/","title":{"rendered":"Estate Clearing: A Checklist for Executors"},"content":{"rendered":"

Have you been named an executor? At Alivio Solution, we understand how at a time such as this, the responsibility given to you may feel staggering. This is why we have compiled a step-by-step checklist for executors, to help you through estate clearing, one step at a time.<\/span><\/p>\n

This includes more than simply how to clear the estate itself. From who needs to be notified to which documents to look for and keep safe throughout the estate-clearing process, <\/span>Alivio Downsizing<\/span><\/a> has you covered.<\/span><\/p>\n

\u2611<\/span>Gather Important Documents<\/span><\/h2>\n

Before beginning to sort through belongings, it is important to keep a record of all estate-related activities. There is a lot to keep straight and undoubtedly, it is important to stay organized and on track. Have a notebook easily accessible for any note-taking or reminders.<\/span><\/p>\n

Then, you may begin to gather every important document and store them in a safe place. This includes but is not limited to anything related to healthcare, income taxes, insurance, benefits, and financial services\/accounts. Such as:<\/span><\/p>\n

\ud836\udd77 Last Will and Testament<\/span><\/p>\n

\ud836\udd77 Government Related Information (Health card, Driver\u2019s License, Social Insurance Number)<\/span><\/p>\n

\ud836\udd77 Home and Property Information (Utilities, mortgage, leases, deeds, titles, vehicle registrations)<\/span><\/p>\n

\ud836\udd77 Employment\/Pension Information\/Business Documents<\/span><\/p>\n

\ud836\udd77 Banking and Investment Information<\/span><\/p>\n

\ud836\udd77 Obtain Tax Slips and other tax-related papers (T4, property tax bills, tax assessments, etc)\u00a0\u00a0<\/span><\/p>\n

\ud836\udd77 File Income Tax Return(s) with the Canada Revenue Agency (For more information about preparing returns for a deceased person, <\/span>click here<\/span><\/a>).\u00a0<\/span><\/p>\n

\u00a0<\/span>Depending on the condition of the estate, locating these documents may prove to be difficult. If need be, go through one pile of paper, one file folder, or one area at a time. Use a designated \u201cspecial\u201d bin to collect any papers you need to keep safe, placing them in an organized area of the home.\u00a0\u00a0<\/span><\/p>\n

If you create a file folder system to sort the papers as you go, wonderful! If you wish to simply have one pile of \u201cto keep and sort\u201d papers to go through at a later time, that works too. Work in an organized fashion that you are comfortable with.<\/span><\/p>\n

\u00a0If there are piles that consist of ads, newspapers, magazines, or paperwork that is not important, recycle what you can as you go to clear up space and show your progress. For peace of mind, you can shred or otherwise destroy any papers containing personal or sensitive information such as certain receipts.<\/span><\/p>\n

\u2611 Notify the CRA<\/span><\/h2>\n

At this time, the CRA should be notified of the date of death by calling 1-800-959-8281 or by <\/span>filling out the form<\/span><\/a> to request an update to their records. At the same time, request that the CRA stop benefit and credit payments (GST\/HST credit, working income tax benefit advance payments, Canada child benefit, etc.) and transfer them to a survivor if applicable.<\/span><\/p>\n

You may have a legal representative who will handle all matters relating to the CRA. If so, ensure that you are named as the executor should the need to contact you arise.\u00a0\u00a0<\/span><\/p>\n

\u2611 Notify Creditors, Beneficiaries, and Other Claimants<\/span><\/h2>\n

A notice to creditors, beneficiaries, and other claimants should state that anyone having a claim against the estate must send the information to the administrator\/executor.<\/span><\/p>\n

In the past, this notice was to be posted for six weeks at the First Nation office, the post office, and in any other location where the deceased carried on business. The most popular method of posting such a notice was through the local newspaper. Now, depending on your province, you may be able to publish notices online.<\/span><\/p>\n

\u2611<\/span> Prepare an Inventory of All Assets and Debts<\/span><\/h2>\n