As a first-time estate trustee or executor, you may feel scared by all your daily tasks. “What to do first?” is a common question. You worry you do not have any experience. But don’t worry; few people have executor experience. Besides, the laws keep changing and each…
Read full article
Find out what this complicated situation requires with FP Answers. Need help handling an estate with or without a will? Contact me for a meeting. I have solved estate problems for decades by going to court or through mediation. I offer you a meeting to discuss your needs by Zoom or in-person…
Read full article
#14 Executors File Your Income Tax Returns and Pay Your Taxes – or Else Here are four key income tax concepts that are vital for your estate planning. On death, certain types of income receive different tax treatment. They may be reported by filing separate tax returns,…
Read full article
#10 Income Taxes: Much Ado About Lots PART 1 Q: Can I avoid paying my income taxes by dying? A: Afraid not. The government has a way of getting their money even if you don’t make a will. The government gives you a will that…
Read full article
Suddenly, you learn you are the executor of an estate. Don’t expect to find neat and up-to-date files called, “My Estate Inventory” or “For My Executor”. Few people are that organized. You must, instead, act like a detective. Remember, you are handling another person’s valuables. Be ready…
Read full article
Your Call to Duty It’s simple. When you act as executor, you are called to duty. A friend or relative may have asked you to be their executor. You may not even recall if you said yes or no. You may be worried that you’re inexperienced. You…
Read full article
Courts must remove estate executors by court order. A decision in 2024 by Justice B.A. MacFarlane (Deziel v. Deziel, 2024 ONSC 5279) outlined these principles for successful removal. [80] The Ontario Court of Appeal in the case of Chambers Estate v. Chambers confirmed that “the court should…
Read full article
As an executor/estate trustee in Ontario, you face many challenges. Here are some tips to help you. As a fiduciary, you have obligations to creditors and beneficiaries alike. You must act as a neutral even if you are beneficiary yourself. That means you cannot give yourself priority…
Read full article
Executors must not … Your Executor Duties Make You Responsible for Your Mistakes Handling an estate is complicated. Research proves that people don’t know what to do. Read my free report, Suddenly You’re an Ontario Executor. You will learn how to: · reduce the stress of being…
Read full article
I know that being a first-time executor or estate trustee can be stressful. But I know it doesn’t have to be so. I wrote a free report to help you weather any estate storm. You need more than a checklist to guide you. I break down your…
Read full article
416 769 - 9800