What does it cost to replace an estate executor? The costs are horrendous. Make sure you name a backup executor in your will. To remove an executor, you require a court order. Courts must agree there are grounds for removal. Hopefully you will name an alternative executor…
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Courts must remove estate executors by court order. A decision in 2024 by Justice B.A. MacFarlane (Deziel v. Deziel, 2024 ONSC 5279) outlined these principles for successful removal. [80] The Ontario Court of Appeal in the case of Chambers Estate v. Chambers confirmed that “the court should…
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As an executor/estate trustee in Ontario, you face many challenges. Here are some tips to help you. As a fiduciary, you have obligations to creditors and beneficiaries alike. You must act as a neutral even if you are beneficiary yourself. That means you cannot give yourself priority…
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If you are stuck or don’t know where to begin as an Ontario estate executor, read this post. No single roadmap works for every estate journey. Each estate, large or small, has different assets, beneficiaries and tax issues. These variables create their own list of dos and…
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Read my previous post, Rules to Pick the Right Estate Trustee for Your Will. Executors have personal liability for their misconduct. Executors can decline the job. They cannot be compelled to act as executors. That’s why you always need to name a backup executor in your will….
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You may be postponing making your will for the wrong reasons. Looking for the right estate executor is not a good reason. Why? Because your choice today may not be a good choice in five to 10 years. Executors are also called estate trustees in Ontario. I…
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Are you an Ontario executor or estate trustee? This role is often considered an honour, but also a thankless job. However, by law, estate trustees are entitled to receive compensation for their care and trouble. Unless, that is, the will that appoints them specifies otherwise. There is…
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Executors must not … Your Executor Duties Make You Responsible for Your Mistakes Handling an estate is complicated. Research proves that people don’t know what to do. Read my free report, Suddenly You’re an Ontario Executor. You will learn how to: · reduce the stress of being…
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I know that being a first-time executor or estate trustee can be stressful. But I know it doesn’t have to be so. I wrote a free report to help you weather any estate storm. You need more than a checklist to guide you. I break down your…
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I wrote a report to help you cope with the stress of being an Ontario executor. Being an executor is an honour, but it is also a job you may end up regretting. Most executors are inexperienced and learn on the job. You want to get advice…
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