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Debra, Lawyer
Category: Canada Law
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Experience:  Lawyer
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Do the heirs receive their inheritance before signing off

Customer Question

do the heirs receive their inheritance before signing off the liquidator
Submitted: 1 year ago.
Category: Canada Law
Expert:  Debra replied 1 year ago.

Generally, the beneficiaries cannot get their inheritance until they sign the release because the release is what protects the liquidator from a potential liability issue later on.

But if the beneficiaries don't trust the liquidator then this should happen simultaneously or with the assistance of a lawyer.

Let me know if you need any further clarification.

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