How the Estate Information Return will change Ontario estates in 2016.
In Canada, trusts have long been considered a mainstay of sound estate planning.
European legislators have been trying to require public disclosure of trust beneficiaries
Most executors perform their duties with integrity and dedication.
We detail the criteria to remove an executor, and the likelihood of the beneficiary’s efforts succeeding.
To avoid challenges to your Power of Attorney, watch for these problems.
Being an executor isn’t easy. That goes double for executors in charge of an estate with significant U.S. assets, or a fully U.S.-domiciled estate.
Chances are good that at some point you’ll become an executor for a parent, family member or close friend. But the job’s responsibilities may expose you to significant liability.
Unlike Canada, the U.S. imposes an estate tax on worldwide estates worth more than $5.34 million (2014).
Before gifting assets, clients need to understand the consequences