The death of a parent or friend can be an extremely difficult
time and finding out you've been named Executor can lead to
many questions - the first being what are the responsibilities
of an Executor?
Crowe MacKay's trusted tax advisor, Robert Flux, shares details on common tax
filings Executors should review on behalf of the deceased as well
as details on how they can reduce their financial liabilities.
Responsibilities of an Executor when filing tax returns
Fulfilling the role of an Executor includes a variety of
responsibilities but ensuring the following is a top priority:
- making sure all taxes owing are paid
- notifying all the beneficiaries under the Will.
