More people are realizing the importance of having a comprehensive estate plan. Such a plan in Ontario means that a testator must choose someone to do estate administration tasks when the time comes. An estate administrator is often known as an executor. Before...
Having the job of executor for your loved one's estate can be arduous at times. Before you take on this role and agree to estate administration duties, you may find it helpful to know what you could be up against. There may be one pressing issue attached to the estate...
One of the most important choices you make when creating a will is who will be your estate trustee. This difficult but vital duty involves the protection and management of the estate’s assets. An estate trustee should have certain qualities that will assist him or her...
For too long, those in Ontario facing the loss of a loved one have also had to deal with additional grief in the long and costly process of estate administration. Managing the estate of a deceased family member often meant cumbersome rules and expensive management...
When you think of what will happen to your assets and belongings after you die, you may have in mind a particular person who is very fond of a special heirloom, or grandchildren you want to reward for completing their education. Perhaps you expect to leave a little...
The probate process in Ontario is typically long, sometimes taking as long as a year. Often, much of that time involves waiting for the administrative offices of the estate court to catch up on its paperwork. In fact, many families are increasingly frustrated when...
Thirty years ago, many people did not expect so much of their lives would be bound to the digital world. Nevertheless, countless people now store their photos, investments, bank information and other personal information online. When they pass away, it often causes...
2020 has been a challenging year in many ways. In addition to everything else, large numbers of people have sustained financial losses from which they may never recover.Something you may need to consider is that your estate plan requires changes to keep up with the...
When a loved one passes away, they ordinarily leave behind assets, debts and other property that need to be distributed, disposed of or otherwise handled. Probate may be necessary in order to accomplish these and other tasks, which requires a Certificate of...
Some people don't think they have enough assets to have to worry about a will. Others simply never get around to creating one. Whatever the case, matters can quickly become complicated if you pass away without a valid will.In such cases, Ontario intestacy rules will...
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