And while are happy with the news that CRA will allow the use of graduated rates for estates that have multiple wills, some state it could also cause more headaches between executors.
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Compliance Roundup
Ontario now requires executors to explain how much they say an estate is worth.
Advisors often recommend life insurance based on the fact that it’s easy for heirs to collect policy benefits. But executors, known as estate trustees in Ontario, still need to know how the process works, and potential pitfalls that can happen along the way.