Total 497 Posts
It is trite to say that once a trustee is appointed and accepts the office, s/he becomes subject to the duties and powers of that office. A trustee’s liability, in the event that he is found to have breached his/her duties, or exceeded his/her powers, is personal. ….
In the case of discretion, absolute is not absolute. Continue Reading »
Estate Administration, Executors, Liability, Trustee, Trustee DisputesA recent news report by the Wall Street Journal details the latest turn in a high profile litigation regarding the multi-billion dollar estate of Hong Kong heiress Nina Wang. ….
Ruling Handed Down by Hong Kong Court of Appeal in Billion Dollar Estate Fight Continue Reading »
Charitable Giving, Estate Administration, Estate Litigation, Estate Planning, Philanthropy/Charitable GivingA 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, Interest