What is the executor’s year under section 70 of the Personal Representative's Act?
Nova Scotia, Canada
The following excerpt is from Zwicker v Richardson (Estate), 2018 NSSC 327 (CanLII):
The first 12 months has been referred to as the “executor’s year”. Section 70 of the Act provides that the personal representatives are to pay claims and make distributions within that year, unless they apply for and are granted an extension. That means that, as noted in Willisko v. Murphy, 2014 NSSC 389, at paragraph 44, that estate property is to be liquidated within that year.
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