Administration refers to the process of carrying out the instructions provided by the testator, grantor or settlor as the case may be according to the governing document (i.e. Will, power of attorney, or trust) and the applicable law. There are some common principles that apply to the administration of trusts, estates, and powers of attorney but there are also some differences. Making it more interesting is the fact that the law varies across different jurisdictions both within Canada and outside.
The information below is not intended as a step-by-step guideline to administration in the various contexts. Instead, it is an overview of key points to keep in mind during the planning process to ensure instructions will ultimately be carried out as expected with a minimal chance for disputes.