executors Archives - Page 2 of 3 - Edward Olkovich Law

2. Real estate is always an executor headache in Ontario

As executor, you have to keep real estate insured with fire insurance at all times. This makes you responsible to carry out inspections to protect yourself from liability. What if a pipe bursts in the house and floods a neighbour’s property? You could be sued if proper…
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Dying Without a Will in Ontario Is Dangerous to Your Wealth

Laura was in a panic after her sister, Sue, died without a will. She called me because she needed to arrange Sue’s funeral. Laura lived outside of Ontario and planned to take a week off work. “I have to handle my late sister Sue’s estate. I hope…
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Probate is Perplexing – Use these 10 Concepts to Enlighten Ontario Trustees

My probate tips will help Ontario estate trustees/executors understand probate. 1. Probate matters are handled by the Superior Court of Ontario. Everyone refers to this as the estate court or probate court. However, there is no longer a designated estate court. In Toronto, estate cases are assigned…
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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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Executors: Change the Locks to be Safe Not Sorry

Real estate creates a different set of responsibilities for estate executors. If you are the legal representative of an estate, consider the real estate issues in this post. It’s important to get the right legal advice to protect yourself. You never know who may have a key…
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How Joint Liability Creates Estate Problems

I am talking about Joint and Several liability in an estate context today. Let’s look at the joint liability of executors, or estate trustees, in estates. Next, I‘ll give you dangers you can avoid when making powers of attorney. Estate Executors Let’s say you and your cousin…
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Use These Estate Planning Steps to Protect Your Family

Let’s look at the six steps you should take to create an estate plan. This will protect you and your loved ones from disaster: 1. Get Ready — Identify your goals, assets and debts. 2. Save Taxes — Find ways to reduce income taxes and probate taxes….
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Are You at Risk?

Your loved ones could be at risk. Use this checklist to make sure you have protected them. Answer each question with a "yes" or "no" response. 1. I have a written plan to protect loved ones if something happens to me. 2. I have named executors plus…
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Dangers to Avoid – Estate Disputes Created by Joint Ownership (James and Kathy’s Story)

James opens a joint bank account with his second wife, Kathy. It is joint with rights of survivorship. Whoever is the last surviving joint owner inherits what is in the account. No need to go through probate. Almost $100,000 in the joint account came from the sale…
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The 6 Causes of Estate Disputes You Can Avoid

Estate lawsuits also include legitimate legal issues among relatives and heirs. Here are six common mistakes you can make: 1. Poor planning decisions: depending on a homemade or do-it-yourself will. 2. Bad executor choices: naming people who are not stable, financially capable, or trustworthy. 3. Using the…
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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: executors