Renunciation of Appointment as Estate Trustee (ON)

Summary

This precedent is for the estate trustee who wishes to renounce their right to a certificate of appointment of estate trustee or succeeding estate trustee. It contains practical guidance and drafting notes. The executor named in the will is usually named in the application. If the named executor is unable or unwilling to act, they can renounce the position with this precedent. A renunciation has no mandatory language or legal form, however, using this precedent or Renunciation and Consent (Form 74G) (ON) will help ensure the Certificate of Appointment of Estate Trustee is issued without any delays. In that case, the beneficiaries named in the will who have a majority interest in the value of the estate will select someone, who is typically: a close relative of the testator; or someone chosen from among the named beneficiaries. It should be noted, however, that a named executor can generally only renounce their right to act as Estate Trustee if they have not yet taken steps as Estate ...