Estate Administration

Total 502 Posts

TAX REPORTING OBLIGATIONS FOR TRUSTEE AND EXECUTOR FEES – FOLLOW UP

•

Awhile ago , I wrote that payments made to trustees and executors usually trigger some form of tax reporting and often, an obligation on the payer to withhold and remit amounts on account of tax. Thanks to some welcome and practical feedback from a concerned blogger, I would like to add a few comments.
….

TAX REPORTING OBLIGATIONS FOR TRUSTEE AND EXECUTOR FEES – FOLLOW UP Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Liability, Trustee, Trusts

Specificity Matters: Defining “Spouses” for Estate Planning Purposes

•

When making testamentary or inter vivos gifts, parents sometimes want to ensure that provision is made for the spouses of their children, whether it is by including such individuals as potential beneficiaries of trusts or as recipients of outright gifts. ….

Specificity Matters: Defining “Spouses” for Estate Planning Purposes Continue Reading »

Estate Administration, Estate Planning, Spouse, Wills

Tax Reporting Obligations for Trustee and Executor Fees

•

In general, the payment of amounts for services rendered triggers some form of tax reporting and often, an obligation on the payer to withhold and remit amounts on account of tax. Payments made to trustees and executors are no different.
….

Tax Reporting Obligations for Trustee and Executor Fees Continue Reading »

Canada Revenue Agency, Canadian and US Tax Treaty, Estate Administration, Estate Planning, Executors, Liability, Passing Of Trustees’ and Executors’ Accounts, Trustee, Trusts
Scroll to Top