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Estate Settlement

Settling an estate requires great care and expertise to preserve the maximum value of the estate and avoid unnecessary delays, expenses and complications.

However, many people find the responsibilities of executorship quite difficult to manage. The complexity, time demands and emotional pressures placed on an executor raise the potential for costly errors and fractured relationships.

The specialists at MD Private Trust understand the challenges of executorship, and have years of experience settling the often complex estates of physicians—from tax elections and legal requirements, to beneficiary communications and real estate transactions.

Ask your MD Advisor for a confidential assessment of your personal estate planning opportunities.


Why name MD Private Trust as your professional executor?

Naming MD Private Trust as your professional executor is a solution that will ensure that your affairs are handled with the utmost discretion and expertise. With our support, the people you care about will be spared the challenge of settling your estate during an already difficult time.

You can rest assured that your wealth will be distributed according to your wishes in an efficient and orderly manner.


Have you been called upon to fulfill the duties of executorship?

Agent for executor is a service offered by MD Private Trust to help an executor deal with the many responsibilities related to administering an estate.

If you've been called upon to fulfill the duties of executorship, naming MD Private Trust to act as your agent enables you to transfer the key responsibilities of executorship to a team of seasoned professionals, while still retaining control over important decisions.

You can feel confident that you will successfully meet all the responsibilities of executorship, and that the estate will be distributed according to the will in an efficient and orderly manner.

Responsibilities of an executor include:

  • locating, evaluating and securing all assets and important documents
  • notifying financial institutions and other interested parties
  • collecting any income owing and pay off all debts
  • arranging for the valuation and sale of securities, real estate and other assets
  • making tax elections and file personal and estate tax returns
  • settling any claims against the estate
  • communicating with beneficiaries and mediate any conflicts
  • making the final distribution to beneficiaries

Trust Planning

Ensure that the needs of your dependents are always met, in sickness or in health. Learn more.

Estate and trust services are offered through MD Private Trust Company, a CMA company.

MD Private Trust Company - Regulatory Disclosures (Basel III) – Pillar 3 Public Disclosures
Regulatory Disclosures Archive

An “executor” is called a “liquidator” in the province of Quebec and an “estate trustee” in the province of Ontario.

In the province of Quebec, a “power of attorney” is called a “mandate in case of incapacity”.

In the province of Quebec, notarial wills do not require probate, whereas all other wills do require probate which are subject to a fixed application fee. All references to probate and probate tax in this document should be read accordingly.