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Estate Administration Archives

Estate administration can take a nasty turn when families fight

When a man or woman writes a will, it is no doubt their hope to leave enriching gifts to those whom they held most dear in life. Unfortunately, once a person has passed on, he or she has no control over what his or her relatives do. Estate administration can become lengthy and unpleasant when descendants squabble over the estate, as one celebrity family is proving right now.

Applying for a certificate of appointment? Here are some answers to basic questions.

If you are an estate executor in Ontario, then the administration of the estate may seem like an impassable web of affidavits, notices and forms. Following the correct procedure is highly important, however, and you're not alone if you feel overwhelmed by the requirements. Many estate trustees turn to an experienced estate administration lawyer for help.

A few strategies for minimizing Ontario's estate administration tax

Avoiding taxes or minimizing their impact on your estate is an essential part of comprehensive estate planning. Compared with other provinces, Ontario has a particularly high estate administration tax. However, there are strategies that a lawyer can help you implement in order to minimize your estate's tax burden.

Lawyer may be of assistance in administrating estate

Estate litigation may be prompted by multiple reasons. One of them is the manner, in which estate trustees handle the administration of the estate. While for many there may be a sense of pride in being named an estate trustee (executor) of an estate, the reality is that it is a big and sometimes difficult job.

Ways to reduce probate fees

When someone sets out to create an estate plan there are many things that person is likely taking into consideration. In many cases the main objective of the person drafting the estate plan is to make things easier for loved ones after they are gone. This objective can be accomplished by more than just providing for them financially.

Distributing an estate when there is a will

In our last post we wrote about what someone, who is responsible for distributing an estate without a will might face. In this post, we will address the opposite end of the spectrum, that is, when the deceased created an estate plan or at least wrote a will that describes how assets should be distributed.

Distributing an estate without a will

Following the death of a loved one there are many tasks that may need to be addressed. Once the funeral service is concluded, among other things, the assets that the deceased person owned will have to be distributed among his beneficiary. Just what the distribution process looks like depends on whether the deceased person created a will before he died. In this post we try to cover some of the issues that are faced by those living in Ontario, who became charged with handling an estate of a loved one, if there is no valid last will.

How can I plan to reduce estate costs after my death?

When a person dies, his or her debts must be paid before any estate assets are passed on to a spouse or heirs. Common debts that must be settled are funeral expenses, taxes on Registered Retirement Savings Plans, taxes on capital gains and the estate administration tax, which in Ontario is about 1.5 per cent of the estate's value.