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I'm the liquidator of my father's estate. Going through my
I'm the liquidator of my father's estate. Going through my father's belongings, I found a letter from a financial institution indicating that there was an outstanding bank draft that was issued nearly ten years ago that was never cashed and that if the draft remains outstanding as of Oct31, the balance will be transferred to the Bank of Canada . I would like to claim the balance on behalf of the estate. I'm assuming that the draft was lost. However, the financial institution is requiring that I sign an idemnity form. I'm looking to better understand my liabilities as liquidator if the recipient/beneficiary of the draft finds the draft and tries to cash it. The bank draft was issued in Quebec. … read more
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