Executors

Total 349 Posts

Where there’s 41 million wills, there’s a way

•

“41 million wills available to search online for the first time,” a press release from the UK’s Ministry of Justice trumpeted. The truth is somewhat more prosaic, but still reflects an excellent initiative that should be emulated by Ontario. The UK government, in partnership with Iron Mountain, has electronically archived 41 million wills dating back to 1858, including those of “Charles Dickens, Winston Churchill, Alan Turing and Beatrix Potter.” However,….

Where there’s 41 million wills, there’s a way Continue Reading »

Estate Planning, Executors, In the News

Charitable Donations by Graduated Rate Estates – Substituted Property

•

The new Canadian tax rules concerning charitable donations of graduated rate estates restrict those donations to gifts of properties acquired by an estate as a result of the death of an individual or of properties substituted for those properties.
….

Charitable Donations by Graduated Rate Estates – Substituted Property Continue Reading »

Canada Revenue Agency, Charitable Giving, Estate Planning, Executors, Property, Tax Issues, Wills

No Second Chance to Replace Estate Trustee

•

Has the Court of Appeal written the final chapter in the long-running dispute between Erna and Hilda (two sisters who have been in litigation against each other since 2003)? I previously blogged about the Divisional Court’s ruling on an appeal of a contested passing of accounts regarding Erna’s role as attorney and estate trustee for her parents. Now, the Court of Appeal has dismissed Hilda’s latest appeal. Hilda commenced an action alleging….

No Second Chance to Replace Estate Trustee Continue Reading »

Estate Litigation, Executors

INCOME DISTRIBUTIONS AND CHARITABLE GIVING AND THE NEW PERSONAL TAX RATES

•

If you are like most individuals at this time of the year, you probably don’t give too much thought to your taxes and perhaps putting it off until the filing deadline for tax returns approaches being in the spring of each year for most. For those who are beneficiaries of a trust for instance and expect to receive income distributions, or in a separate context, those who are developing a….

INCOME DISTRIBUTIONS AND CHARITABLE GIVING AND THE NEW PERSONAL TAX RATES Continue Reading »

Charitable Giving, Estate Administration, Estate Planning, Executors, Investments, Property, Succession Planning, Tax Issues, Trustee Compensation

More on Graduated Rate Estates

•

At a recent conference of the Society of Trust and Estate Practitioners, the Canada Revenue Agency (“CRA”) was asked to respond to certain questions regarding Graduated Rate Estates (GRE’s), in particular around the actual definition of a GRE and its application to a situation where the deceased has more than one will. Definition of a GRE The CRA was asked that while an estate is under administration during its first….

More on Graduated Rate Estates Continue Reading »

Business Succession Planning, Canada Revenue Agency, Canadian and US Tax Treaty, Estate Administration, Estate Administration and Probate Applications, Estate Planning, Executors, In the News, Probate Tax, Succession Planning, Tax Issues, Trustee, Trusts, Wills
Scroll to Top