WHAT BROAD POWERS SHOULD YOU GIVE TO YOUR EXECUTOR AND TRUSTEE?

It is important in a Will to specify what powers you are giving to your Executor and Trustee. These powers usually include:

1. Investments
2. Selling and Disposing
3. Retention of Assets
4. Distribution in Specie
5. Employment of Agents
6. Real Property
7. Loans to Beneficiaries
8. Borrowing
9. Settlement of Claims
10. Corporations
11. Elections under the Income Tax Act
12. Transactions with Estate Trustee

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