Even when someone dies, his or her debts must be paid. Those payments come from the person's estate. It's only after those debts have been taken care of and other expenses like funeral costs, taxes, legal fees and probate fees, if any, have been met that beneficiaries...
Choosing the right person to look after the handling of assets is a large part of successful estate planning. Executors are those (there can be more than one) who will ensure the last wishes of the deceased individual in Ontario are carried out. It's a duty...
No one likes to think about getting sick but making plans for unforeseen events could make things much less stressful for loved ones. Estate planning could include an advance care directive -- a document that stipulates a person's wishes regarding medical care should...
There is an old adage that says the only certainties in life are death and taxes. In estate planning, the two seem to go hand-in-hand but that doesn't mean the Canada Revenue Agency (CRA) should turn out to be an estate's primary beneficiary. For those who don't...
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