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Settlement of Debts and Taxes

One of the fundamental duties of every executor is to pay the deceased person’s debts and taxes. We provide direction to the executor on the required tax filings and will work with the estate accountant to facilitate the filing of the terminal and estate tax returns. Executors may also require assistance settling debts and obligations or with the publication of a notice to creditors.

We advise executors on what is a proper debt of the estate and the steps required to protect the executor from being personally liable for the deceased person’s debts and taxes.

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© 2015 Lawrence, Lawrence, Stevenson LLP

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43 Queen Street West, Brampton, ON, Canada L6Y 1L9
Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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