Tag: estate executors

3. Investments and Commercial Real Estate

If there are investments, you will need to prepare a prudent investment plan. If not, you could be held liable for losses on any stock portfolio. You must obtain a proper rate of return on estate investments. Don’t think you can just sell the stocks and put…
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Executor Investments and Breach of Trust

Estate trustees have investment duties. These duties are defined by courts, statutes and wills. Executors must invest estate funds as prudent investors. Let’s run through some key concepts. Executors don’t want to be sued personally for breach of trust. My new chapters on investment duties and breach…
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Executors Need to Use Blueprints

It can happen overnight – suddenly, you’re an executor. You are put in charge of an estate. You have to probate a will. You need answers to your questions. What is an executor supposed to do? What do good executors do first? As a Certified Specialist in…
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Event Announcement: Please Don’t Sue the Executor

On Wednesday, October 2, 2013, Ed Olkovich will be sharing his secrets and shortcuts to probating estates with the Toronto Chapter of the Certified General Accountants of Ontario. Topics to be covered include: 1. STOP (Standard Trustee Operating Procedure); 2. Reducing risk for clients while protecting yourself…
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Executors: What to Do if the Will is Confusing

Are you are an executor acting under a will? Wills can contain ambiguous, contradictory or impossible terms. In this post, I’ll give you some tips on handling such will problems. You need to understand what the will requires you to do as executor. It is crucial for…
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Executors: Do You Need to Probate All Wills?

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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