Question 6 Are there foreign or business assets? Wouldn’t it be nice to travel to Europe? What if the estate has assets in another province or country? Will you have time and ability to manage assets in other jurisdictions and with different legal requirements? Are you familiar…
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Question 3 Will there be lawsuits? Are you an Ontario estate executor? You must know this. How people interpret wills can lead to disagreements which are inevitable. Even in the best families, people don’t always agree. Disagreements can cause people to hire lawyers. You may be involved…
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Question 1 Is the Estate Broke? Most executors find being an executor is more work than they expected. No one ever warned them before they got involved. People wished they knew how much trouble being an executor was. Before you act, here’s what to ask first: Q…
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You need to understand these common terms. You will find them used in most lawyer-prepared Ontario wills. I’ll explain the difference so that you can understand why they are crucial to protecting your loved ones. Let me assure you with this tip when you make your will:…
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If you are an Ontario executor, answer this simple question: What makes you happy? I’d love to hear your answer. Here’s my answer: making probate simple makes Ontario executors happy. Executors don’t want to use Google to understand estate terms. Remember, Ontario estate terms are different. That’s…
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Allison was retired and 64 when she passed away in Ontario. She thought she was too young to need a will. She died without a will leaving a sister, Joy, in California and her brother in British Columbia. They wanted to administer Allison’s affairs. But they had no…
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I have written a free report to help Ontario executors. It is called, Start Your Ontario Executor Journey Here. You’ll find it on my website. This report is based on my experience as an Ontario Law Society Certified Specialist in Estates and Trusts Law. I have included information…
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So you are managing a trust fund for your nieces and nephews until they reach the age of 25. Will you be able to handle this responsibility? Can you manage investments and file tax returns annually? Are you planning to retire or relocate out of the jurisdiction?…
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Some will contests go on for years, maybe decades. As executor, you may have no authority to take any action. You may, however, be responsible for explaining what you did do, even on a temporary basis. Make sure that before you start acting as executor you get…
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Wouldn’t it be nice to travel to the Caribbean? What if the estate contains assets in another province, state or country? Is There a Will for Foreign Assets? Will you have the time and ability to manage assets in another jurisdiction? You may not be familiar with…
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