Max has been asked to be the executor of his brother's estate (liquidator in Quebec) He has researched the duties and is wondering which of the following statements correctly describes the role?

Points: 1

1. An executor may be required to collect any money owed to the estate, personally pay off any debts owed by the estate, sell specific assets (such as a home) that are part of the estate, appoint a guardian for minor children, and then distribute the proceeds as specified in the Will.
2. An executor may be required to collect any money owed to the estate, pay off any debts owed by the estate, sell specific assets (such as a home) that are part of the estate, appoint a guardian for minor children, and then distribute the proceeds as specified in the Will.
3. An executor may be required to collect any money owed to the estate, personally pay off any debts owed by the estate, sell specific assets (such as a home) that are part of the estate, and then distribute the proceeds as specified in the Will.
4. An executor may be required to collect any money owed to the estate, pay off any debts owed by the estate, sell specific assets (such as a home) that are part of the estate, and then distribute the proceeds as specified in the Will.