Total 497 Posts
“The role of an estate trustee can really be a thankless task”. So ended Justin’s blog on June 20th. The fact there is now an insurance product available to protect estate trustees in the event they are successfully sued by a disgruntled beneficiary only underscores this truism.
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There’s insurance for that? Continue Reading »
Estate Administration, Estate Litigation, Estate Planning, ExecutorsWhat happens when an estate trustee distributes money to the wrong beneficiary or distributes the wrong amount?
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Change of Circumstance Defence Continue Reading »
Estate Administration, Estate Litigation, Executors, WillsOn 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, PropertyA recent Canada Revenue Technical Interpretation confirmed that the tax owed by an estate should first be recovered from the named beneficiaries of the deceased registered plans…..
Tax Liability of a Deceased Taxpayer Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Liability, TrusteeMany have taken advantage of the ability to withdraw funds from a retirement savings plan under either the Home Buyer’s Plan (HBP) or Lifelong Learning Plans. Without careful planning, unpaid obligations under either of these plans may have tax implications on death…..
Home Buyer’s and Lifelong Learning Plans Continue Reading »
Estate Administration, Estate Planning, Executors, SpouseWhen a solicitor is advising on estate administration, who does the solicitor and client privilege belong to?….
Estates do not have Lawyers Continue Reading »
Estate Administration, Estate Litigation, Executors