Succession law
Appointment of liquidator
A liquidator is the person responsible for settling an estate: gathering the assets, paying the debts and handing over what remains to the heirs.
Overview
A liquidator is the person responsible for settling an estate: gathering the assets, paying the debts and handing over what remains to the heirs.
The liquidator is usually named in the will. When no one is named, or when the person named cannot or does not wish to act, the heirs can appoint one, and a notary can prepare the document that formalizes the choice.
Good to know
- Make an inventory of the assets and debts
- Pay the debts, taxes and expenses of the estate
- Distribute the remaining property to the heirs
- Report to the heirs on the administration
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Montréal, QC H0H 0H0
Tel : 514-555-5555
Fax : 514-555-5555
Hours : to be confirmed
Frequently asked questions
Can an heir be the liquidator?
Yes. Heirs often act as liquidators, as long as they accept the role and the law allows it.
Is a liquidator paid?
A liquidator is entitled to be reimbursed for expenses and may be remunerated, depending on the will and on the agreement of the heirs.
Questions about your situation?
Contact us to talk about your needs. A first conversation helps identify the documents and steps involved.
Contact us
514-555-5555