Overview

Executors of an estate should call our client success team to start the estate settlement process. We'll help you distribute the deceased individual's assets as follows:

1. For registered accounts with a named beneficiary: We'll distribute assets to the beneficiary of the account.
2. For non-registered accounts and registered accounts without a named beneficiary: We'll payout assets to the estate of the deceased client.

The beneficiary and/or estate executor doesn't have to be a Wealthsimple client to receive the assets.

Step 1: Contact our client success team

Please contact our Client Success team when you're ready to start the estate settlement process.

Step 2: Respond to the email from our estates team

You'll receive an email from our estates team within 2-3 business days of your call with further instructions. Please check your email regularly, including spam folders.

Prepare common estate settlement documents

While you wait for an email response from our estates team, you can start preparing common documents that we may require. Common documents are listed below:

• Death certificate
• Notarial (or Certified True) copy of the will (if applicable)
• Letter of Direction from the executor with instructions to liquidate and payout the estate of the deceased individual
• Valid government-issued ID of the executor
  • We accept photos and scans of the ID
• Quebec specific Documents:
  • Testamentary Search of the Quebec Bar
  • Search Certificate for Chamber of Notaries of Quebec