The Estate Blog

Helping Your Parents Make a Will

“It’s important.” Jeremy said to his boss. “I need to take the afternoon off to take my 83-year-old father to see a lawyer to make his will.” When you take a person to a lawyer’s office, you need to understand the legal protocol. Even if you are…
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How to Keep Your Family Safe This Summer

Hot summer days bring back memories of the sun and the family swimming at the beach. And when your family packs up for a summer trip, their safety is always your concern. You can protect your family with this quick estate planning review in a matter of…
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When Executors Must Go to Court

Here are some tips if you are an executor. Minor squabbles can take hours of your time away from your office. Court battles can add years to estate work as executor.  If you are a professional, this can actually take money from your pocket. You should be…
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Executor Compensation – Is It Worth It?

“Compensation for your time and trouble” is what the law calls your fee as estate executor. You can probably figure your time is productively worth $150 or $200 an hour back in the office. You need that to cover your overhead. Well, you won’t get paid by…
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Executors: Are You Ready?

If you are a professional advisor, you must say “No” to any client who wants you to be their executor. There are many reasons for this. I will cover them in the next couple of posts. You may not know what dangers lie ahead. You may not…
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Your Estate Planning To-Do List

Get tips for your own estate planning to-do list this Sunday, June 5, 2011, 9 a.m. – 10 a.m. EST. Tune in to Zoomer Radio AM 740. Join me on Right on the Money with host, Wayne Baxter, CFP, of Investment Planning Counsel. We will discuss what…
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Executors: Do you Really Want the Risk?

You are the advisor to Janet and her family. She has trusted you for a number of years. No surprise to you she asks you to be the executor of her estate. How should you respond? Here are 3 things to consider: Does your relationship give you…
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Estate Advisors – Are You Protected?

How can advisors avoid liability when doing estate planning? This issue always draws extra attention in professional meetings. I chaired a programme this week called, “Beyond Estate Planning Essentials” for the Ontario Bar Association. The audience of estate advisors included lawyers with private firms, and trust, tax…
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Is There a Cure for Executor’s Disease™?

Do you play any sports? Maybe golf, tennis, or soccer? Each sport is played with a different set of rules. Unless you understand the rules, you cannot win. Similarly, you must understand the rules for protecting your money and family. Unless you understand the fundamentals, you will…
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