If there’s an active business to wind up and sell, will you be up to it? As executor, you can be caught in the middle of a shotgun clause in a shareholders or partnership agreement. Will you be able to handle the stress and get the best…
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Wouldn’t it be nice to travel to the Caribbean? What if the estate contains assets in another province, state or country? Is There a Will for Foreign Assets? Will you have the time and ability to manage assets in another jurisdiction? You may not be familiar with…
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If there are investments, you will need to prepare a prudent investment plan. If not, you could be held liable for losses on any stock portfolio. You must obtain a proper rate of return on estate investments. Don’t think you can just sell the stocks and put…
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As executor, you have to keep real estate insured with fire insurance at all times. This makes you responsible to carry out inspections to protect yourself from liability. What if a pipe bursts in the house and floods a neighbour’s property? You could be sued if proper…
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Consider this: if you are an executor with any of these headaches, you need expert estate advice. The estate is broke. If there are more liabilities than assets, think twice about getting involved. There may not be money to pay your fees or even lawyers’ fees to…
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Did the pandemic make you an Ontario executor? My condolences are in order if you have lost loved ones. Are you feeling lost? Read my free report Suddenly You’re An Ontario Executor available here as you start your Ontario executor journey. I’ll be writing about problems that…
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Kathy had always been told she would be her aunt’s Ontario estate trustee or executor. Kathy was too shy to ask where her aunt’s original will was stored. Then Kathy got a nasty Boxing Day surprise. Suddenly, her aunt passed away and Kathy could not locate the…
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Everyone has an estate horror story to tell. And each estate is different. That is why executors can’t rely on checklists to protect themselves. I am starting a new series about the dangers Ontario Executors must be aware of to avoid trouble. Here is the second in…
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Everyone has an estate horror story to tell. And every estate is different. That is why executor checklists do not protect Ontario executors. I am starting a new series about dangers that Ontario Executors must be aware of to avoid trouble. If you are a first-time executor,…
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Your Simple Guide to Avoiding Costly Mistakes on Your Estate Journey The Executor Roadmap helps you reduce stress, focus your time and efforts. Handling another person’s money puts tremendous responsibility on you. Take heart. Most executors have no experience. But you need professional guidance to complete your…
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