New resources to help account to beneficiaries

Illustration of person using calculator

February 9, 2023

Calling all executors. Accounting to beneficiaries is one of your core responsibilities. It's also one of the hardest parts of dealing with an estate. Giving a clear and full picture of the financial position and progress of the estate can be tricky. To help guide you through, we've added a new page on accounting to beneficiaries.

You can avoid going to court if all of the beneficiaries approve and consent to your accounts in writing. If everything’s in order, this is usually the best option for everybody. Going to court drains estate funds and delays the distribution of the estate. 

Our page includes a template consent and release form you can use with each beneficiary. In it, they acknowledge receiving a copy of the estate accounts, approve them, and release you from any legal claims around your handling of the estate.

We are grateful to work on the unceded traditional territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish) and səlilwətaɬ (Tsleil-Waututh) Nations, whose Peoples continue to live on and care for these lands.