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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Gordon was a frazzled executor of a friend’s estate. He was getting phone calls from Simon, a beneficiary named in friend’s will. Simon wanted to know, “Where’s my inheritance? I was supposed to receive a third of the estate residue.” Gordon was running out of excuses to…
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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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How can you take good care of the ones you love? Read Bob Aaron’s article in his Toronto Star column. He explains what a will and an estate plan can accomplish. You will find valuable tips on: dangers of wills kits dealing with digital assets what happens…
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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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Event Notice: On Tuesday, February 11th, 2014 at Brentwood Library, Ed Olkovich will share his expert tips about making a will. For more information, click here: TPL Wills and Estate Planning – Money Matters – Feb 11 2014.
Are you a surviving common law partner? Common law spouses often have to fight to get a share of a deceased’s partner’s property. This is because Ontario does not automatically give cohabiting partners a share of property. Married partners in Ontario have certain automatic rights to share…
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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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Imagine Kevin, a scruffy-looking fellow walks into your bank on a Monday morning. He tells your bank manger he needs to use your Power of Attorney (POA). He wants to move all your money into his own bank account. He says he needs to do this immediately….
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Once upon a time, Jack and Nicole lived together in Jack’s house. They both worked to pay off Jack’s mortgage. Then they decided to have children. Nicole gave up her job to raise the twins. Jack made a bundle in a computer business, which he sold for…
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