Executors

Total 348 Posts

Atypical Asset Administration (Part 2)

• • 0 Comments

This blog has been written by Sandra Arsenault, Law Clerk at Fasken LLP Welcome back! This is Part 2 of a two-part series on unusual assets and estate administration. For part one, please see my blog post here. Typical assets in an estate consist of real property, automobiles, corporations, investments, cash, jewellery and artwork. What I would call the “easy” stuff. But sometimes there are collections, specialized equipment, intangible assets….

Atypical Asset Administration (Part 2) Continue Reading »

Estate Administration, Estate Litigation, Estate Planning, Executors, Tax Issues, Uncategorized, Wills

Cremation and the Burial or Scattering of Ashes – Things to Consider

• • 1 Comment

I am an avid reader and always learn something new, even when reading for pleasure. The novel I recently finished, Cold, Cold Bones, by Kathy Reichs was no exception. This is the paragraph that piqued my interest: “A woman in Mount Holly was struck by a falling object while wrapping burlap around shrubs in her yard. The object was a small sack. The woman opened the sack. Inside were charred….

Cremation and the Burial or Scattering of Ashes – Things to Consider Continue Reading »

Estate Administration, Estate Planning, Executors, Funeral Planning, Wills

Executors: Beware of the Risks

• • 1 Comment

This Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management  An estate trustee, also known as an executor, is responsible for administering the estate of the deceased and carrying out the terms of the Will (or other testamentary documentation). The recent article by Rebecca Studin titled “Pass Your Accounts, or Risk Jail Time” led me to think about the consequences of acting (or failing to act)….

Executors: Beware of the Risks Continue Reading »

Courts, Estate Litigation, Executors

Atypical Asset Administration (Part 1)

• • 1 Comment

This blog has been written by Sandra Arsenault, Law Clerk at Fasken LLP Picture this: you are an executor cleaning out your mother’s apartment. Under the bed you unexpectedly find five (5) handguns and a hand grenade. Do you (a) call the police, (b) secure the items somewhere safe until you can find someone who knows what to do with them, or (c) put them in a plastic shopping bag….

Atypical Asset Administration (Part 1) Continue Reading »

Estate Administration, Estate Planning, Executors, Wills

Flipped property – estates beware

• • 0 Comments

Executors generally liquidate the assets of an estate in a timely manner following an individual’s death. This may include the disposition of the deceased’s primary residence, cottage or rental property (herein referred to as a “housing unit”). An estate may realize a gain on a housing unit if it is sold at a price higher than its fair market value on the date the individual died.  Prior to 2023, the….

Flipped property – estates beware Continue Reading »

Estate Administration, Executors, Real Estate, Tax Issues, Trusts

Revisiting the importance of language when using multiple wills

• • 1 Comment

This blog contributed by Mohena Singh, Associate @ Fasken LLP A long-time practice of estate planners has been preparing multiple wills for clients to minimize the amount of estate administration tax an estate must pay. The general idea of a primary and secondary will is to exclude property that does not require probate from the primary will so that the total value of assets requiring probate is reduced. However, if….

Revisiting the importance of language when using multiple wills Continue Reading »

Credibility, Estate Planning, Executors, Property, Real Estate, Succession Planning, Uncategorized, Wills
Scroll to Top