Executors

Total 348 Posts

I Would Like Exculpatory Clauses and a Side of…

• • 0 Comments

Exculpatory clauses or indemnity clauses in wills and trusts are common forms of protection provided to the trustees by testators and settlors. When a trustee is appointed under a testamentary or inter vivos trust document to administer and manage an estate or a trust, some consider it to be an honour and a privilege.  Unfortunately, the reality of the office of the trustee is often fraught with inexperience, lack of….

I Would Like Exculpatory Clauses and a Side of… Continue Reading »

Estate Litigation, Estate Planning, Executors, Wills

Penalties Under the Income Tax Act – Executor Beware

• • 0 Comments

As a follow-up to my last article on key filing deadlines for estates, this article discusses tax penalties and interest. For executors, missing a tax deadline can come with serious tax implications, notably the application of a penalty and interest. Late Filing Penalty Under the Income Tax Act, there are several sections dealing with the application of penalties.  Deadlines are important and there is a penalty equal to five percent….

Penalties Under the Income Tax Act – Executor Beware Continue Reading »

Estate Administration, Executors, Interest, Liability, Tax Issues

Why you Need a Power of Attorney When You Are Alive

• • 1 Comment

November is Make a Will month. It is reported that more than 55% of Canadians are without a Will. Still, it is a must-have for anyone with property or assets. While a Will may anchor an estate plan, it is only executed when you pass away. Even more compelling is that while we are alive, we may need someone to act on our behalf if we cannot speak for ourselves…..

Why you Need a Power of Attorney When You Are Alive Continue Reading »

Elder Management, Estate Planning, Executors, Power of Attorney, Smart Ageing

The International Estate Plan

• • 0 Comments

A Will in every Port The laws of succession, probate, and property differ from country to country, state to state and jurisdiction to jurisdiction. As such, a prudent testator should consider having a Will in every jurisdiction where they own property. Certainly, there are methods by which a domestic Will can be used to handle foreign assets (or the other way around) through ancillary probate processes however, this can be….

The International Estate Plan Continue Reading »

Estate Administration and Probate Applications, Estate Planning, Executors

Key Tax Deadlines for Estates Matters

• • 0 Comments

One of the responsibilities of an executor is to deal with the final tax return of the deceased and file the tax returns for the estate.  Most tax deadlines are statutory (established in the Income Tax Act) therefore, they are non-negotiable.  The executor should consult a tax advisor early to learn of all tax deadlines relevant to the estate.  The following will provide some guidance: Final T1 of the Deceased:….

Key Tax Deadlines for Estates Matters Continue Reading »

Estate Administration, Executors, Tax Issues, US Taxes

Of Books and Beneficiaries

• • 7 Comments

This blog has been written by Sandra Arsenault, Law Clerk at Fasken LLP. A Season of Beginnings, Endings, and Books As the leaves change and the weather cools, I imagine curling up in a cozy spot with a hot beverage and a new book. Autumn is when we salute the end of summer and greet a crisp new season. For some, this time marks a new year and a new….

Of Books and Beneficiaries Continue Reading »

Estate Administration, Estate Administration and Probate Applications, Estate Planning, Executors, Wills
Scroll to Top