That’s when Ontario executors call me for help. You may need help to resolve these Ontario estate issues involving: real estate owned by estates court disputes over wills accounting disputes claims against executors for alleged misconduct co-executor disputes income tax clearance issues informal estate distributions family law…
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I have written a free report to help Ontario executors. It is called, Start Your Ontario Executor Journey Here. You’ll find it on my website. This report is based on my experience as an Ontario Law Society Certified Specialist in Estates and Trusts Law. I have included information…
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So you are managing a trust fund for your nieces and nephews until they reach the age of 25. Will you be able to handle this responsibility? Can you manage investments and file tax returns annually? Are you planning to retire or relocate out of the jurisdiction?…
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Your Aunt Jane was a pack rat. It appears she never threw out any magazines that came into her house. Her home had stacks and stacks of books, years of unopened mail and the strong odor of cats that lived in the house with her. Can you…
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Some will contests go on for years, maybe decades. As executor, you may have no authority to take any action. You may, however, be responsible for explaining what you did do, even on a temporary basis. Make sure that before you start acting as executor you get…
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Even in situations where everything is spelled out in the will down to the smallest detail, there will be disagreements. It is inevitable. As part of the human condition, people disagree. Even in the best of families, there will be questions of interpretation. “That’s not what dad…
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If you are 82 and live 3,000 miles away, you must seriously consider renouncing as executor. You don’t want to impair your health by administering an estate. Long-distance is a terrible way to find out you have a fire you can’t put out. Don’t start acting as…
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If there’s an active business to wind up and sell, will you be up to it? As executor, you can be caught in the middle of a shotgun clause in a shareholders or partnership agreement. Will you be able to handle the stress and get the best…
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Wouldn’t it be nice to travel to the Caribbean? What if the estate contains assets in another province, state or country? Is There a Will for Foreign Assets? Will you have the time and ability to manage assets in another jurisdiction? You may not be familiar with…
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If there are investments, you will need to prepare a prudent investment plan. If not, you could be held liable for losses on any stock portfolio. You must obtain a proper rate of return on estate investments. Don’t think you can just sell the stocks and put…
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