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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