What happens next?

How to wind up an estate
Pay executor fees.
As executor, you have the right to compensate yourself before distributing assets to the beneficiaries. This is usually discussed earlier in the estate settlement process, but it is crucial to make sure this is taken care of at this stage.

Select from:
* As the beneficiaries, you have the right to in many cases take part in the final will and testament. Obviously, you'll need to account for all of the estate's assets.;
* Be sure to keep careful records of your compensation. In order to pay the executor fees, the estate must register with the cra for a payroll account and file an information return (form t4) by the 28th of february in the year following payment.;
* To begin the process, begin by consulting with someone familiar with estate planning and handling. This person can then make recommendations on the best distribution plan.;
* As of 2017, you cannot contribute any of the money or give them any other financial support. However, as executor, you can make sense of the following arrangements : Keep in regular contact.;
Be sure to keep careful records of your compensation. In order to pay the executor fees, the estate must register with the cra for a payroll account and file an information return (form t4) by the 28th of february in the year following payment.