Estate Planning & Administration
The Liability of Personal Representatives in Estate Administration
Personal Liability of Personal RepresentativesThe purpose of the personal liability provision is to encourage personal representatives to ensure that they do not overlook their obligations, such...
ESTATE TRUSTEE: FREE RADICAL OR LOOSE CANNON?
Having known that the estate trustee authorized by the will is like a free radical (definition: a chemical ion free to do anything), it remains to...
ESTATE LITIGATION: Battle of the Wills
With the Certificate of Appointment of Estate Trustee already in the hands of the supporter, the proceedings to challenge a will cannot be commenced by filing...
ESTATE LITIGATION: Overturning the last Will & Testament of a deceased!
When someone seeks to overturn the last will and testament of a deceased, the proceeding is known as a challenge to a will. Generally, the validity...
The Basics of Corporate Income Tax and Shareholders’ Dividend Tax
A corporation is a legal entity separate from its owners, the share holders, and is subject to federal and provincial income taxes (like individuals). There are...
Death Tax, Probate Tax, Estate Tax, Inheritance Tax, Wealth Tax and Final Income Taxes; which of these should we Canadians be concerned for?
Unlike some other countries in the world, Canada does not impose taxes on wealth or the value of an inheritance upon death; but in its place Canada...
ESTATE ADMINISTRATION: Why, and what is done once someone passes?
In law, an estate can be defined as the personal, real, tangible and intangible property of an individual along with things of value to which the person (now dead)...
BUSINESS SUCCESSION PLANNING: Passing down your business
Why plan who will take over your business now? What’s the need? It is estimated that in the next ten years just about half the number of...
WILLS & ESTATES: What Every Person Should Know!
The difference faced by a person selling life insurance and someone intending to make a will is similar to a great extent. The former has to...
