As I said in my last blog, certain circumstances in either your background or asset base may mean your estate and Will planning requires some added attention. One of those circumstances is ownership of assets in a foreign jurisdiction. ….
Will Planning – No Simple Task… Part 2 Continue Reading »
Estate Planning, WillsThe task of writing a Will and planning for the disposition of one’s assets after you’ve departed our lovely earth has often been inappropriately considered by some to be a “simple” task…..
Will Planning – no simple task… Continue Reading »
Estate PlanningIn my Blog of October 7, 2010, I spoke about why you should avoid being part of the 30% of Canadians who don’t have a Will. In that Blog I spoke about who gets your estate if you die without a Will. I also briefly mentioned some other issues that arise if you don’t have a Will. There are a number of other reasons for you to stop procrastinating and to start the process of getting a competently drafted Will in place. ….
So You Died Without a Will… Continue Reading »
Estate PlanningIt is trite to say that once a trustee is appointed and accepts the office, s/he becomes subject to the duties and powers of that office. A trustee’s liability, in the event that he is found to have breached his/her duties, or exceeded his/her powers, is personal. ….
In the case of discretion, absolute is not absolute. Continue Reading »
Estate Administration, Executors, Liability, Trustee, Trustee DisputesThis is a question that plagues parents when they do their Wills – often to the point that they don’t actually do their Wills. Perhaps knowing what the effect of including a guardianship clause in a Will is, parents wouldn’t let this issue stymie the completion of their Wills…..
Eeny, Meeny, Miney, Mo, Who Will Get Your Kids After You Go… Continue Reading »
Estate Planning, Guardianship, WillsSo you’ve taken on the role of executor of your dear friend, Sally’s estate. It just so happened that Sally owned a vacation property in the United States. You’ve come across a couple of blogs in the last few weeks that suggest her estate may owe some taxes to the IRS. You have no idea whether this is true and what you may need to do. You decide to keep reading these blogs to see if they’ll help you…..
Is a U.S. Estate Tax Return Due? Continue Reading »
Estate Administration, IRS, United States, US Taxes