Legal Question in Wills and Trusts in Canada
beneficiary
do beneficiaries named in a will all have to sign a legal docoment,saying everything was done to the persons wishes?
Asked on 8/23/05, 11:58 am
1 Answer from Attorneys
Johanne Amonson
Johanne L Amonson, Q.C. Prof Corp
Re: beneficiary
Depending on the terms of the will and the nature of a beneficiary's interest the beneficiaries have certain rights to oversee the due administration of an estate by the personal representative. Since the PR has liability for what he/she does in the estate the PR is entitled to be released by all the beneficiaries before making a distribution. Therefore it is the practice to provide an accounting to the beneficiaries and to ask each of them to sign a release of the PR before giving them the property from the estate.
Answered on 8/23/05, 2:58 pm