The wrong executor can, accidentally start family feuds, waste your money and rob your family and friends of their rightful inheritance and future security. Sloppy, incompetent, negligent or dishonest executors can plunder your estate. It can happen to you. I’ll describe three common mistakes that can cost…
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Worried you’ve not chosen the right executor? This free 30-minute webinar will help you discover the new factors to choose estate executors. When: TODAY – Thursday, September 18, 2025 at 2 p.m. EST Where: Online via Zoom Enjoy this free webinar from the comfort of your home…
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Choose Your Estate Executor Wisely: How to Avoid Costly Mistakes Worried you’ve not chosen the right executor? This free 30-minute webinar will help you discover the new factors to choose estate executors. When: Thursday, September 18, 2025 at 2 p.m. EST Where: Online via Zoom Enjoy this…
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Clients ask me if it is okay for their adult children to use online will providers to make their own wills. The answer is not complicated, but you must know why. First, let me make two disclaimers: You can have your financial planner answer questions about estate…
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When should you invest in a lawyer-prepared will? Should you make one now, when you buy and house, or have a child? What is the goal of your estate plan? Why do I ask about your estate planning? Because I believe you do it for the people…
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Do you need court approval of your management of a person’s affairs? This may mean you are a guardian, an attorney for property or an estate executor. Are you looking to have your compensation confirmed? If so, you may need to pass your accounts in court. What…
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The Estate Administration Tax (EAT) in Ontario is essentially what was previously called Ontario’s probate tax. When a person dies with assets in Ontario, whether or not there is a valid will, EAT is payable when estate court certificates are required. Ontario’s government charges a provincial estate…
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Since the pandemic, more people have been concerned about securing their family’s future with wills. But do-it-yourself wills or online will websites may not be the best way to secure your family’s future. In my blog, 5 Reasons You Need a Professionally Prepared Will, I highlight reasons…
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#14 Executors File Your Income Tax Returns and Pay Your Taxes – or Else Here are four key income tax concepts that are vital for your estate planning. On death, certain types of income receive different tax treatment. They may be reported by filing separate tax returns,…
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#13 You Can Have Multiple Wills Yes, you can have more than one will. This strategy is vital in dealing with business and foreign assets. In some cases, you can reduce Estate Administration Tax (EAT) taxes in Ontario by having multiple wills. However, having multiple wills is…
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