Selling Shakespeare’s Portrait

In Meuse v. Taylor, 2022 ONSC 1436, the Court considered the grounds for removing an estate trustee. Facts The events giving rise to the Application involved a purported portrait of William Shakespeare painted during his lifetime. If authenticated by an interested buyer, the portrait had a potential value of USD $50,000,000; if simply a 400-year of painting, the value would be far less. The portrait was the primary asset of….

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And who shall I say is calling?

Reposted:  Most of us avoid talking about death, but in reality many of us think about it regularly. None of us know what the future brings but death is a certainty. We just don’t know when and how. The Jewish New Year (Rosh Hashanah) was recently celebrated, closely followed by the 10 days of Awe leading to Yom Kippur, the Day of Atonement. It is the time for prayer and….

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Interest

Easing the Burden of Losing a Parent

Hello fellow All About Estates Blog Readers – this is not necessarily going to be an overly long, or overly substantive blog.  Rather, the purpose of this blog is to encourage our blog-readers to take fifteen minutes out of their undoubtedly busy days to read the article by Globe and Mail Staff writer, Erin Anderssen, found in the following link, called “Canada’s baby boomers are leaving behind tons of stuff. ….

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“Death and Taxes”

This Blog was written by: Kristie Smith, Estate and Trust Consultant, Scotia Wealth Management  As we have all heard many times in the estate planning community, and as Benjamin Franklin famously remarked, nothing is certain but death and taxes. From the Covid era and then ‘back to normal’; from Elizabeth II to Charles III; from record market runs to record corrections… 2022 has been a year of unpredictability, and that….

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Don’t Trust a Stranger

This blog was written by Christopher Cook, student-at-law The law recognizes three ways in which a stranger to the trust (i.e., someone who is not an appointed trustee) may be liable for breach of trust. First, one may be liable as a “trustee de son tort.” This is the case when one takes on the responsibilities of a trustee, though unappointed, and commits a breach of trust while so acting…..

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Principal residence – deceased vs. estate

The over-heating of the housing market that started in 2021 is starting to slowly cool off as a result of rising interest rates. This cooling of the over-heated housing market has given rise to a potential scenario that was originally addressed by the Canada Revenue Agency (CRA) in a technical interpretation issued in January of 2009[1]. The potential scenario exists when a decedent is deemed to have disposed of their….

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Estate Administration, Real Estate, Tax Issues
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