Ontario Estates Law Practice Exam

Question: 1 / 400

Who is recognized as a personal representative in estate law?

Only trustees

Any appointed representative including executors

The correct answer identifies that a personal representative in estate law includes any appointed representative, which encompasses executors. In estate law, a personal representative is an individual appointed to manage and distribute a deceased person's estate according to their will or, in the absence of a will, according to the laws of intestate succession.

Executors, who are named in a will, have specific responsibilities including gathering assets, paying debts and taxes, and distributing the remaining estate to the beneficiaries. Additionally, administrators may be appointed in cases where there is no will or if the named executor cannot serve. Both roles fall under the broader category of personal representatives, hence the encompassing terminology of "any appointed representative."

The other options are narrower in scope and do not encompass the full range of personal representatives. While trustees manage assets on behalf of beneficiaries, they are not necessarily involved in the administration of the estate unless specifically designated. Beneficiaries, although they have a vested interest in the estate, do not carry the responsibilities and authority of managing the estate until it is distributed. Guardians of minors may have roles related to the care and support of children, but they do not act as personal representatives unless explicitly named in relation to the estate’s management.

Get further explanation with Examzify DeepDiveBeta

Beneficiaries only

Guardians of minors

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy