The executor or administrator is required to identify, locate, secure, value and insure all assets of an estate. This may be done by reviewing the personal papers of the deceased, completing a mail redirect with Canada Post, writing inquiry letters, and conducting searches of Information Services Corporation, Saskatchewan Government Insurance, etc.
It is necessary to determine the cash assets of an estate including funds held in banking institutions, investment companies, pension plans, insurance companies, trust companies, and pensions and benefits provided by government agencies such as the Canada Pension Plan (CPP) and Old Age Security (OAS).
Personal property includes vehicles, farm equipment, jewelry, firearms, household items, musical instruments, antiques and collectables. These assets are listed in the Statement of Property – Form 16-14 as a Part I Asset.