As an Ontario estate trustee, you will be learning new skills. You may not be aware of how little you know about estate matters and taxes. However, the time you spend learning these skills in an estate administration is something that you are entitled to be compensated…
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This post provides basic information about Ontario’s Estate Information Returns (EIR). Ontario executors must file provincial Estate Information Returns 180 calendar days after estate courts issue your certificate of appointment. Your duty is to comply with Ontario’s Estate Administration Tax Act. The government has a guide to…
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If you apply for probate in Ontario, you will file an application for a certificate of appointment. This post outlines steps to prove who can deal with a person’s estate. It is for information purposes only and does not explain your legal duties as the estate’s personal…
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As a first-time estate trustee or executor, you may feel scared by all your daily tasks. “What to do first?” is a common question. You worry you do not have any experience. But don’t worry; few people have executor experience. Besides, the laws keep changing and each…
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You have been asked to be an executor of someone’s estate. You must have some information to get started. Here are 10 questions for which Ontario estate executors need answers. If you expect your executor to act promptly, collect answers to these questions for your Ontario estate…
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Were you named as Ontario estate trustee or estate executor? You may think this is an honour, as most people do. You may have been asked if you would handle an estate for a friend or relative. The job of being an estate trustee is often thankless…
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You were named estate executor under a will. You have been asked to handle a number of tasks in administering an estate. This means you should obtain legal advice. This post explains there is now only a two-year window to file certain claims in court. What does…
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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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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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Read Part 1 of this post. Keep in mind that the most time you spend is at the start of your job. However, handing estates, even when there are no business or foreign assets, can be risky and time-consuming for 2 to 3 years. What if you…
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