Want to remove an executor? The bar is high
Communication is key to preventing contentious estate administration
Source: advisor.ca
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Gift or loan? Court case shows importance of documenting intentions
Property transferred to an adult child is presumed to be in trust unless proven it was intended as a gift
Source: investmentexecutive.com
B.C. case examines what happens when spouse outlives children
Wills should consider various scenarios for the sequence of death among beneficiaries
Source: investmentexecutive.com
Finding missing beneficiaries | Advisor's Edge
What executors need to know when a beneficiary can’t be easily identified or found
Source: advisor.ca
Ontario's new probate process for small estates is easier
This article appears in the June 2021 issue of Advisor’s Edge The Ontario government’s simplified probate process for estates valued at $150,000 or less will make administering small estates less costly and easier for estate trustees (as executors are known in Ontario), estate practitioners say. Probate, known as estate administration tax in Ontario, is the process whereby a court validates a will and confirms the executor’s authority to administer the estate. While not all wills need to be probated, banks and other financial institutions generally don’t release money held in the dece...
Source: advisor.ca