Total 495 Posts
A death benefit is an amount you receive after a person’s death in recognition the deceased person’s employment service.
How does it get taxed?
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DEATH BENEFITS Continue Reading »
Canada Revenue Agency, Estate Administration, Estate PlanningWhen a parent is disinheriting one or more of their children we should not only advise of the potential repercussions but also offer potential solutions…..
How do you help your clients protect their estate from a moral claim? Continue Reading »
Elder Law, Estate Administration, Estate Litigation, Estate Planning, Executors, WillsGenerally speaking, the Canada Revenue Agency requires a taxpayer’s consent to speak with someone other than the taxpayer about matters related to the person’s affairs. One may assume the consent requirement is relaxed when the taxpayer is deceased and the deceased’s affairs are in the hands of the estate trustee(s) Think again as this is not automatic.
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Consent to speak Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Succession Planning, WillsLast time, I wrote about filing deadlines for terminal returns and how these deadlines need to be respected to avoid penalties and interest on taxes owing. What if you don’t have sufficient information to file and the deadline is looming?
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TERMINAL RETURN ESTIMATE Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, InterestA recent decision of the Ontario Superior Court sentences an estate trustee to a lengthy term of incarceraction, without the possibility of parole, for contempt of court…..
An Estate Trustee’s Imprisonment, Without Possibility of Parole Continue Reading »
Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Executors, Passing Of Trustees’ and Executors’ AccountsSo 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