Category: Executors

Executor’s Duty to Protect the Estate

Are you handling an estate? Then this is your first duty as an estate legal representative. You protect persons, property, assets, valuables and family pets. You will learn this is the first of many duties. To help my clients, I explain the three primary executor duties in…
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Ontario Probate Mysteries Explained

Are you an executor or estate trustee in Ontario? Probate is a mystery. I’ll try to explain it in this post. Executors want to see the light at the end of the tunnel. You want to know how long it takes to probate an estate. These are…
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Do You Want To Be Executor?

You got the job but are you sure you want it? Of course you feel honoured to be named as an executor.  But you don’t always have to accept the job.  You may not want the headaches associated with the post. Let’s consider how the law, estate…
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Ontario Rules on Estate Administration

When a person dies with a will in Ontario, what happens? The will usually names executors. In Ontario, executors are called estate trustees with a will. They have authority to deal with estate matters. In some cases, they may not need to probate the will. What does…
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Event Announcement: Please Don’t Sue the Executor

On Wednesday, October 2, 2013, Ed Olkovich will be sharing his secrets and shortcuts to probating estates with the Toronto Chapter of the Certified General Accountants of Ontario. Topics to be covered include: 1. STOP (Standard Trustee Operating Procedure); 2. Reducing risk for clients while protecting yourself…
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Executors: What to Do if the Will is Confusing

Are you are an executor acting under a will? Wills can contain ambiguous, contradictory or impossible terms. In this post, I’ll give you some tips on handling such will problems. You need to understand what the will requires you to do as executor. It is crucial for…
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Executors: Do You Need to Probate All Wills?

As estate trustee, here are some things you must know about wills: 1. Wills are legal documents. 2. Wills are subject to scrutiny and legal interpretation. 3. Wills can be declared invalid by a court. What happens if Jack’s 2013 will is contested in court? The court…
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Healthy Executors are Not at Risk

Let me clarify that headline: All executors are at risk if they do not understand their legal duties. You can be attacked by estate beneficiaries, taken advantage of by smooth sales people, and even get sued. I encourage executors and estate trustees to get proper legal advice….
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