What are the general duties of an Executor?
The executor’s duties include valuing assets, reviewing recent bank and investment statements, antiques, private company shares, intellectual property, and cryptocurrency holdings. They must also consider assets and debts, keep records of these valuations, cancel credit cards owned by the deceased, notify banks to close accounts, and inform the Canada Pension Plan (CPP) or Québec Pension Plan (QPP) about the death. Executors should also apply for and collect life and other insurance benefits.
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