You’ll have to wait for the answer to this question. The Ontario provincial election results may bring some answers. The public and professionals are in the dark. No one knows what is taxed under Ontario’s new probate tax rules. We are waiting for regulations to enlighten us….
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Are you planning your estate or running an estate? What do you know about probate? You don’t need to go to graduate school to be an executor/estate trustee. You do, however, need to have an overview of the probate process. What happens to an estate is everyone’s…
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Suddenly you’re an executor. You are asked to prepare an estate inventory. What do you have to do? The first step is to find out what kind of an inventory is required. I’ll give you a sample checklist for an asset inventory. Like all checklists, it only…
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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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You probably did not ask to be placed in charge of an estate. You may have just inherited the executor job title. So, how will you define success as an executor? How will you cope with the realities of your job as executor? Every executor must remember…
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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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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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My probate tips will help Ontario estate trustees/executors understand probate. 1. Probate matters are handled by the Superior Court of Ontario. Everyone refers to this as the estate court or probate court. However, there is no longer a designated estate court. In Toronto, estate cases are assigned…
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Are you interested in saving taxes? As of January 1, 2013, Ontario provincial probate rules have changed. New regulations will impact executors, estate advisors and your estate planning. What you know about reducing probate taxes may be obsolete. There is no longer a tax called “probate tax”…
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NEW: Ask Ed I'm inviting you to submit your estate questions to me. I'll select and answer questions in this blog. You can remain anonymous, if you wish. Submit your questions, comments or whatever is bothering you. I hope we can establish a dialogue on estate…
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