What are my responsibilities as a representative?
There are a lot of responsibilities as a representative. You d need to:
- File all required return for the deceased (There can be numerous returns to file)
- Pay all taxes owing
- Let beneficiaries know which of the amounts they receive from the estate, if any, are taxable.
People also ask about what Returns to file:
There are usually 3 kinds of returns you need to file on the death of an individual.
- Final return in year of death
- Any prior year returns not filed
- Trust return for income estate earned after death
As a legal representative you could be liable for any amount the deceased owes if property under your control is distributed before taxes are paid.