Choosing the Liquidator of Your Estate

The liquidator of your estate is the person who will have legal authority to carry out the provisions of your will. The person you choose must be someone who is knowledgeable about business and financial matters. You must also be sure that the person you choose will be able to make the appropriate decisions.

You may designate your spouse as liquidator and trustee. It is also a good idea to appoint a relative, a friend or a colleague in whom you have full confidence, or to contact a specialist (lawyer, notary, trust company, etc) in the event that your spouse predeceases you or would be incapable of carrying out the required duties.

In addition, you must notify the liquidator of your estate that you have designated him and obtain his consent.

This information is presented for information purposes only and should not be considered to be legal or financial advice. For further information, contact a legal or financial advisor.