Deceased Assets Vest In Executor

Deceased Assets Vest In Executor

A deceased person’s assets vest in his or her executor or administrator after death.

If an executor is removed or renounces the new executor/trustee then holds the assets in trust as they now vest with the new executor/trustee.

Browne v Browne Estate 2015 BCSC 28, the court  removed an executor and stated:

[22]         At common law the executor derives title from the will: Sustrik Estate v. Floyd, 2005 ABQB 880.

Section 102 of the Wills, Estates and Succession Act, S.B.C. 2009, c. 13 provides:

(2)        The estate of a deceased person vests in the person’s personal representative when the personal representative assumes or is appointed to that office.

Trevor Todd

Trevor Todd is one of the province’s most esteemed estate litigation lawyers. He has spent more than 40 years helping the disinherited contest wills and transfers – and win. From his Kerrisdale office, which looks more like an eclectic art gallery than a lawyer’s office, Trevor empowers claimants and restores dignity to families across BC. He is a mentor to young entrepreneurs and an art buff who supports starving artists the world over. He has an eye for talent and a heart for giving back.

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