Session 3 - Contractual Obligations of the Deceased

This is a recording of Session 3 of our 2026 Lunch and Learn Series: Profit, Power and Probate. An executor often has contractual obligations that it must adhere to and enforce on behalf of the Estate. The deceased, at the time of their death, often has several ongoing contracts that bind its estate, which in turn bestow the executor with corresponding duties to administer those obligations. These contracts can cover many different areas (debt obligations, shareholder agreements, personal service contracts, employment agreements, etc.). The executor must identify, assess, and either perform or properly repudiate these obligations, ensuring that valid claims are paid in accordance with statutory priorities while protecting estate assets for beneficiaries. At the same time, the executor should avoid premature distributions, ensure that steps are taken to notify creditors of the deceased’s death, and properly assess the validity of any claims against the estate or seek court directions, so as to avoid personal liability. Topics Executor’s responsibilities in complying with and enforcing contractual obligations Buy-sell provisions in shareholder agreements Satisfying debt obligations on behalf of the Estate Presented by David Wagner (partner at Wagner Sidlofsky LLP), Brendan Donovan (partner at Donovan Kochman LLP) and Taiylor Wiebes (associate at Wagner Sidlofsky LLP). Special thanks to the following sponsors for their financial support of this program: Scotia Wealth Management (Platinum) Wagner Sidlofsky LLP (Platinum) Concentra Trust (Gold) WeirFoulds LLP (Gold) CIBC Private Wealth (Bronze) Torkin|Manes Barristers & Solicitors (Bronze)