Category: Executors

Series: Before Starting Your Job as Executor, Answer These 6 Quick Estate Questions

Question 2 Can you handle the executor job? Should you renounce if you are 83 years of age and living 3,000 miles away? Do you have health problems? Why risk your health with the stress of administrating an estate? Consider renouncing. Arguing with people over estate problems…
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Series: Before Starting Your Job as Executor, Answer These 6 Quick Estate Questions

Question 1 Is the Estate Broke? Most executors find being an executor is more work than they expected. No one ever warned them before they got involved. People wished they knew how much trouble being an executor was. Before you act, here’s what to ask first: Q…
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Before Starting Your Job as Executor, Answer These 6 Quick Estate Questions Series

Being an executor may be an honour but it is also a job. It is a job you are not legally obligated to accept. Ask these questions about your risks. If you’re worried, seek legal advice about your options. Estate advice may reassure you or you may…
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Update on Compensation and Duties of Estate Trustees, Guardians and Attorneys

Three times a year I update this published text. With permissions, I have posted this Publisher’s Note. What’s New in the May 2021 Release • Chapter 16: Will Challenges In Magnotta v. Magnotta, 2020 CarswellOnt 1096, 2020 ONSC 316 (Ont. S.C.J.), the court stated estate creditors that have no financial interest…
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Test Yourself with this Ontario Executor Quiz If You’re the Estate Trustee Under a Will

Circle your answer and check for the correct answers below. “Executor” is the name of: a) a new planetb) a part of the brainc) a person named in a willd) all of the above Executors are Ontario estate trustees, estate representatives and fiduciaries named in: a) a…
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Can You Tell the Crucial Difference Between an Executor an Estate Trustee and a Trustee in Your Last Will?

You need to understand these common terms. You will find them used in most lawyer-prepared Ontario wills. I’ll explain the difference so that you can understand why they are crucial to protecting your loved ones. Let me assure you with this tip when you make your will:…
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Family Says It All When You Name Your Ontario Executors

Should you always name family as your executor? That depends if your family is capable. You may also want to reconsider using family as executors if they: can’t be trusted to get along are stepchildren from other relationships struggle with financial difficulties live out of the country…
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What Happens When You Choose the Wrong Ontario Executor?

You don’t want to choose an executor like Terrible Tony. Tony was his Uncle George’s executor. Tony arranged his uncle’s funeral and lavish reception. He bought a burial plot with an expensive headstone. This was despite everyone’s protests. Uncle George’s sister, Alice, said, “My brother wanted to…
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2 Simple Secrets to Choose Ontario Executors and Prevent Costly Money Mistakes

Here’s what happened after Marty died. Marty signed his will and had named his older brother, Vince, to be his estate executor. When Marty made his will, he had two young sons. Marty thought Vince would be a good money manager because he knew Marty’s family. 20…
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Choosing Ontario Executors: Don’t Let These Common Superstitions Trick You

Are you making a will and need to choose your executor? You’ll probably talk to your friends about who they chose. Get ready to hear some of these common superstitions. Friends may tell you their good luck or bad luck stories. But don’t think their superstitions pass…
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“I want to thank Ed and his firm for getting me through a very difficult time. He was recommended to me by another lawyer and I am grateful for that recommendation. Ed kept me grounded, listened to me, counseled me and supported me. I do so appreciate that. And he is worth every penny. Thank you!” - Claudia R, Toronto

“Thank you for your professional advice and lawyering while I was planning my will, all accompanied with your patience and a sense of humour.” - Valerie G, Toronto

“Ed is a "straight shooter" who tells it like it is and helps you make the best possible decisions in your circumstances. I've personally seen the "magic" he can work in an estate and recommend him without reservation to anyone who wants an iron clad will or estate advice and management that saves money, frayed nerves and friendships.” - Jim R, Burlington

I have used Edward Olkovich for my own Will and I was the executor of my Brother-in-law’s will. My brother-in-law had a terminal illness and Edward had us devise his Will to minimize taxes and problems. Ed is located locally @ Jane and Bloor. He was very knowledgeable, friendly and thorough and has written many books on the subject. - Belinda M, Toronto

Ed is a thorough, responsive estates lawyer who I would recommend to anyone when needing a will or dealing with estate issues. - Eva S, Toronto

Dear Ed and “Team Olkovich” “Thank you for your knowledge, expertise and hard work to make our executor duties (almost) stress-free. Will miss the laughs and stories you tell so well. All our appreciation always!” - Pat, Dave & John, Toronto

Dear Ed, Thank you for all your wisdom and kindness throughout the process of settling Ann’s Estate. - Cheryl, Toronto

“The easiest professional I had to deal with to settle my parents’ needs was Ed. I told him what we needed. He was gracious with his advice and help - without delaying matters.” - Iain N., Toronto

“Magic! The guy knows magic!” - Steve G., Toronto

“In the land of estate law, Ed is King.” - Cheryl W., Toronto

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