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Estate Administration Archives

Estate administration tips for frequent flier miles and points

The recent death of famed travel journalist Anthony Bordain raised many questions about estate planning considerations that come with a jet-setting lifestyle. One of the questions asked on this topic was about what happens to Bordain's loyalty points and frequent flier miles during estate administration. Ontario travelers could benefit from keeping this topic in mind when drafting their own estate plans.

Alter ego and joint partner trusts may ease estate administration

Trusts are a tool that Canadians often use to organize their estates. Used correctly, the right trust or trusts can ease estate administration and lower tax or probate costs. In 2001, two new trusts became available to estate planners in Ontario and throughout Canada: alter ego and joint partner trusts.

Estate administration with a family business has added complexity

Family businesses can be a wonderful thing to pass down between generations, but they can also add serious complexities to estate planning. If estate plans are not carefully drafted to account for business-related assets, family businesses run the risk of being dissolved or sold during estate administration or other life events. Those who own Ontario family businesses, such as farms, shops or other enterprises, should consider a few things when planning for the future besides simply who gets what when the primary owner passes away.

Bank drafts from estate administration stuck at US border

During the process of administering an estate, executors are tasked with sending money to beneficiaries. One thing that can complicate this step in estate administration is beneficiaries who live outside of Ontario, particularly if they are in different countries. An Ottawa executor is currently dealing with issues related to this as $500,000 in bank drafts are being held at the U.S. border.

Ontario estate administration: Declaring someone officially dead

Most often, there is no question that someone has died. But when someone has been missing, it's a difficult call to make, especially when dealing with estate administration duties. In Ontario, as in the rest of Canada, there are procedures to follow when declaring someone officially dead.

Estate administration: what to do when someone dies

When a loved one dies, usually the last thing on family members' minds is dealing with the legalities of the death, yet these matters should receive prudent attention. Ontario residents involved with a deceased person's estate administration should familiarize themselves with what to do in the event of a loved one's demise. Apart from doing the obvious -- like arranging the funeral and seeing that all documents are secured, like a death registration, death certificate, burial certificate, etc. -- the executor(s) of theĀ estate should look into the situation of a will.

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.