When It Rains, Use An Umbrella
When It Rains, Use An Umbrella Continue Reading »
Elder Care, Estate Administration, Estate Litigation, Estate Planning, Executors, Family Conflict, Geriatric Care Management, In the NewsExecutors
Total 345 Posts
Wine – How Liquid is it Really?
In last months’ Canadian Lawyer Magazine, Warren Porter, owner of Iron Gate Private Wine Management, wrote about wine as a liquid asset. When a wine collector dies, teh collection can be very valuable, and if the collection is not specifically dealt with in the Will, the issue becomes: how does an estate trustee realize this value for the beneficiaries?….
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Charitable Giving, Estate Administration, Executors, Interest, Property, WillsThere’s insurance for that?
“The role of an estate trustee can really be a thankless task”. So ended Justin’s blog on June 20th. The fact there is now an insurance product available to protect estate trustees in the event they are successfully sued by a disgruntled beneficiary only underscores this truism.
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There’s insurance for that? Continue Reading »
Estate Administration, Estate Litigation, Estate Planning, ExecutorsChange of Circumstance Defence
What happens when an estate trustee distributes money to the wrong beneficiary or distributes the wrong amount?
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Change of Circumstance Defence Continue Reading »
Estate Administration, Estate Litigation, Executors, WillsTax liability of the deceased
On occasion, the deceased’s estate may not have the cash to cover the tax liability because the assets of the estate are not “liquid” – perhaps valuable real estate. There is a way to defer the payment which requires action on or before the balance due date…..
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Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Interest, Liability, PropertyTax Liability of a Deceased Taxpayer
A recent Canada Revenue Technical Interpretation confirmed that the tax owed by an estate should first be recovered from the named beneficiaries of the deceased registered plans…..
Tax Liability of a Deceased Taxpayer Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Liability, Trustee