On occasion, the deceased’s estate may not have the cash to cover the tax liability because the assets of the estate are not “liquid” – perhaps valuable real estate. There is a way to defer the payment which requires action on or before the balance due date…..
Tax liability of the deceased Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Interest, Liability, PropertyIt is sometimes difficult for family members to find a deceased’s Will or to ascertain whether a particular Will is in fact her “last” Will.
The deceased may have stored his Will at his solicitor’s office, in his safety deposit box or among his possessions, or with some other individual altogether. ….
Finding the Deceased’s Last Will Continue Reading »
Estate Planning, WillsJune is Ontario Brain Injury Awareness Month. Seniors are the 2nd highest risk group for sustaining a traumatic brain injury (TBI)after male teenagers. What does this mean?….
June is Ontario Brain Injury Awareness Month Continue Reading »
Elder Care, Estate Planning, Geriatric Care Management, In the NewsLast week, in my blog entitled “Red Flags of Incapacity”, I mentioned that certain barriers and physical changes associated with aging can be mistaken for signs of incapacity. As professionals, we need to be able to separate these from actual signs of incapacity, and work to reduce or eliminate their effect as much as possible. These barriers include vision impairment, hearing impairment, and the beginning stages of dementia. As people….
Barriers to Communication Masked as Symptoms of Incapacity – A Reminder Continue Reading »
Capacity Law, Elder Law, Estate PlanningHuguette Clark died on May 24, 2011 in New York city at the age of 104. A hospital served as her residence for the last 20 years. Her estate is estimated to be about $500 million.
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Huguette Clark: prepared to be an heiress ? Continue Reading »
Estate Planning, Family Conflict, In the News, Succession Planning, United StatesThe Office of the Public Guardian and Trustee has multiple functions and involvement in a diverse range of legal proceedings. Most estate practitioners are familiar with the requirements that the Public Guardian and Trustee be served with applications to appoint guardians of property and person and for court approval of settlements involving a person under a disability. However, there are a number of other statutory requirements that necessitate service on the Public Guardian and Trustee that estate practitioners may be less familar with…..
When to Serve the Public Guardian and Trustee Continue Reading »
Capacity Law, Estate Litigation, Passing Of Trustees’ and Executors’ Accounts