May 2016 - Edward Olkovich Law

How to Choose the Right Executors

This is my last post in my series Choose Executors Wisely. Here are my previous 4 posts: Make Sure Your Executor Isn’t Dracula The Right Executors Save You Money Choosing Who Protects Your Money Made Easy Who is the Right Person to Protect Your Money Bad executors…
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Who is the Right Person to Protect Your Money?

This is the 4th post in my series on choosing the right executors. You worked hard and saved your money. What will happen when you are gone? Don’t let the wrong executor blow it all. Executors protect your stuff for your loved ones and your favourite charitable…
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Choosing Who Protects Your Money Made Easy

This is my third post on how to choose the right executor. Read Make Sure Your Executor Isn’t Dracula and The Right Executors Save You Money. You appoint an executor to manage your estate for your loved ones. I’ll share my secrets to get the right choice…
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Who Cares About Fiduciary Duties and Trust?

Are you an estate beneficiary or expect to become one? Then you have to trust executors to deliver your inheritance. And executors, you can’t do your job without understanding your fiduciary duties. Are you waiting to inherit or are you an executor? Here’s what you need to…
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The Right Executors Save You Money

When you make or change your will, you must name an executor. Executors are in charge of all your stuff when you’re gone. It’s easy enough to do. You come up with a name or two. But that does not mean you won’t make mistakes. Yes, executor…
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Make Sure Your Executor Isn’t Dracula

Why People Choose the Wrong Executor You wouldn’t think of naming the Transylvanian Count as your executor. But is naming your family always better than naming the Count? People do make crazy mistakes picking executors. Let me give you my guide to choose the best executor. Bad…
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New Rules for Wills and Estates 2016 Edition

Ed Olkovich, Certified Specialist in Estates and Trusts Law, will speak to the Toronto Chapter of the Chartered Professional Accountants on February 10th. Ed will discuss valuable tricks and traps on: dual will strategies for business owners new estate information returns probate tax penalties and enforcement Get…
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Tax Secrets for Ontario’s New Estate Information Returns – Part 1

Is there really a tax on dying in Ontario? New tax penalties may make executors feel that way. That’s why getting advice is more important than ever. Let me explain as I highlight the duties and risks under Ontario’s provincial estate tax rules. Executors need advice from…
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Tax Secrets for Ontario’s New Estate Information Returns – Part 2

Your duty as estate trustee is to provide values for all estate assets. The government can thus assess and audit the estate for provincial estate tax. Fair market value of estate assets is required as of the date of death. You must provide details for each category…
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Executors Fees: How to Figure Out What to Pay Yourself

Are you like Jack? He wanted to handle an estate as an executor. He expected to take a fee for his services. But helping yourself to big fees can get you into hot water. The will can specify what your fees are. But what if it does…
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Older posts

“I want to thank Ed and his firm for getting me through a very difficult time. He was recommended to me by another lawyer and I am grateful for that recommendation. Ed kept me grounded, listened to me, counseled me and supported me. I do so appreciate that. And he is worth every penny. Thank you!” - Claudia R, Toronto

“Thank you for your professional advice and lawyering while I was planning my will, all accompanied with your patience and a sense of humour.” - Valerie G, Toronto

“Ed is a "straight shooter" who tells it like it is and helps you make the best possible decisions in your circumstances. I've personally seen the "magic" he can work in an estate and recommend him without reservation to anyone who wants an iron clad will or estate advice and management that saves money, frayed nerves and friendships.” - Jim R, Burlington

I have used Edward Olkovich for my own Will and I was the executor of my Brother-in-law’s will. My brother-in-law had a terminal illness and Edward had us devise his Will to minimize taxes and problems. Ed is located locally @ Jane and Bloor. He was very knowledgeable, friendly and thorough and has written many books on the subject. - Belinda M, Toronto

Ed is a thorough, responsive estates lawyer who I would recommend to anyone when needing a will or dealing with estate issues. - Eva S, Toronto

Dear Ed and “Team Olkovich” “Thank you for your knowledge, expertise and hard work to make our executor duties (almost) stress-free. Will miss the laughs and stories you tell so well. All our appreciation always!” - Pat, Dave & John, Toronto

Dear Ed, Thank you for all your wisdom and kindness throughout the process of settling Ann’s Estate. - Cheryl, Toronto

“The easiest professional I had to deal with to settle my parents’ needs was Ed. I told him what we needed. He was gracious with his advice and help - without delaying matters.” - Iain N., Toronto

“Magic! The guy knows magic!” - Steve G., Toronto

“In the land of estate law, Ed is King.” - Cheryl W., Toronto

Edward Olkovich Law Certified Specialist, Estates and Trust Law

Month: May 2016