Tag: executor duties

Ontario Estate Trustees Need to See the Big Picture

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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Healthy Executors are Not at Risk

Let me clarify that headline: All executors are at risk if they do not understand their legal duties. You can be attacked by estate beneficiaries, taken advantage of by smooth sales people, and even get sued. I encourage executors and estate trustees to get proper legal advice….
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Breach of Executor’s Duty

Any breach of executor’s duty can result in a charge of misconduct against them. Here’s a short list to remind you of possible executor breaches of fiduciary duty: •    financial negligence handling estate assets causing loss •    failure to properly invest estate assets •    failure to complete…
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