estate advisors Archives - Edward Olkovich Law

Discover More about the Season of Giving

Here is an invitation to all financial advisors. You may need to advise clients about charitable gift giving throughout the year. I hope you can join me on Tuesday, November 30 from 12:00 – 1:00 p.m. St. Joseph’s Health Centre Foundation will hold a virtual networking and…
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Ontario Executors Require Answers to Questions: When should executors get help from professionals?

When should executors get help from professionals? The sooner you get advice the better. You want advice to protect yourself and the estate. Don’t assume that the same professionals the deceased used will meet your needs or standards. You can interview or meet with several lawyers before…
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Executors: Follow These 5 Income Tax Rules

Do executors have to pay someone else’s income taxes? Wouldn’t it be nice if they got a free pass? You know like a get-out-of-jail Monopoly card. But this card also gets you out of tax trouble. Well, the reality is estate executors have to pay all of…
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What Do You Do If The Will Is Ambiguous?

My wife told me that her dream had an important warning. She described the characters in her dream. “They were wearing red coats. Red means risk and danger,” she said. “Don’t take any unnecessary chances today.” I’m no Sigmund Freud when it comes to interpreting dreams. But…
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Why Do Executors Need to Carefully Read Wills?

Are you an estate executor under a will? You may get a call from a mysterious co-executor like I did yesterday. The caller said, “My name is Mitch Davis. I was told by my uncle that you and I are the co-executors under his last will.” “Who…
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Do Estate Disputes Require Estate Lawyers?

Estate disputes are common events. These disputes range from seating arrangements at a funeral home to court cases contesting a will. Are you an executor or, in Ontario, an estate trustee? You must hire lawyers to perform legal work. If you do, are you, as executor, liable…
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Learn the 4 R’s for Executor Success

If you are an estate executor, you need to learn new words. Here are four simple words that will help you as estate executor. If you know these, you won’t fall down the rabbit hole. The four words are Renounce, Resign, Remove, and Release. Let’s look at…
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Executor Estate Duties Quiz

As an estate executor you have fiduciary duties you may not even know. I created a quiz to explain what estate executor duties are. It will help you understand your estate responsibilities. It is not an exhaustive list. Give yourself one point for each duty you can…
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Are Executors Liable for Income Taxes in the Estate?

Paying income taxes can drive you crazy. If you are an executor, it is even worse. You can get stuck paying someone else’s income taxes. Here are some executor tips so you won’t pay for costly mistakes. As the legal representative for an estate, executors must handle…
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Executors: Learn Your Essential Estate Duties

Are you an estate executor? A relative, friend or business associate could ask you to handle their estate. Studies show you probably don’t know what you are supposed to do. I have created a free ebook about your duties as an executor. You need a plan to…
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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

Edward Olkovich Law Certified Specialist, Estates and Trust Law

Tag: estate advisors