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Frequently asked questions > Succession/Estate > Liquidator > What are the obligations of the liquidator?

What are the obligations of the liquidator?

The liquidator is responsible for the administration of the deceased's patrimony and must act in the best interest of the estate, including, where appropriate, maintaining damage and liability insurance policies on the deceased's property until their delivery to the heirs. Thus, the liquidator will take care of the payment of the deceased's debts and will then distribute the remaining assets or property to the heirs. The liquidator will then have to render an account of his administration to the heirs, unless he is exempted from doing so by the latter.

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