Estate Debate™ ContributorsJordan Atin -
Estate LawCounsel, Hull & Hull LLPJordan Atin, counsel at Hull and Hull LLP, is one of Ontario's first Certified Specialists... Learn moreIan M. Hull -
Estate LawCo-founder, Hull & Hull LLPIan M. Hull, co-founder of Hull & Hull LLP, is a Certified Specialist in Estates... Learn moreMyron Neufeld -
ERAssure Insurance/ Executor InsurancePresident, ERAssure®Myron Neufeld is a 25 year veteran of the life and property casualty insurance industry... Learn moreScot Dalton -
ERAssure Insurance/ Executor InsuranceCEO, ERAssure®Scot Dalton is a 30 year veteran of the property casualty insurance industry...
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If you own your own business, it is important to make considerations for it when planning for the future. (more…)
Executors often face a demanding job, disgruntled beneficiaries, and the genuine risk of personal liability. (more…)
Wills can often surprise people when the final wishes of the deceased are revealed, but one family received the shock of their lives when two sisters passed away. (more…)
This article highlights the significant transition of wealth and the real potential for elder abuse where Guardians of the elderly are misdirected in their actions.
The article focuses on a recent case in Ontario that highlights the need for Guardians to be cognizant of their responsibilities and to ensure they fully account for their actions as they are responsible for, and will be held accountable for these actions as in the case outlined. As we know in through experience with insuring executors, the actions of the Guardian while the testator is still alive often become a challenge for the executor, and especially so if they are the same person.
Executors have always had a great deal of responsibility, but the job has arguably become more risky as information becomes more readily available. For more information on the roles and responsibilities of the executor, download our FREE step by step Executor Guide.
This article by Dawn Walton of the Globe and Mail, is just another example of the immense challenge facing the executor of today.
50% of people don’t have a will but only 9% have done any meaningful form of pre-planning for their funeral.
That means articulating the testator’s wishes and finding means to fund the funeral will be left to the executor 91% of the time. For most it’s a tough enough time dealing with our own grief and the grief of our friends and family members. It’s a difficult way to begin the new role, and one that only gets tougher from here on in.
The recent article by Michael McKiernan in the August 20, 2012 edition of Law Times titled “Hospitals doubling as estate planning hubs” does a great job of highlighting the challenges and subsequent opportunity that exists in the estate planning market.
Sometimes the real horror of death is what happens after the funeral. Children are often left fighting over family assets. Sibling rivalries percolating under the surface of family harmony suddenly erupt from emotional abstraction into material reality, a fight over dollars and cents—or furniture, writes Eric Rasmussen in this Financial Advisor article. (more…)
Estate executors and trustees owe a duty of care to an estate and its beneficiaries. The responsibilities that come with the role can include administering the assets and maintaining proper accounting records, filing the proper tax returns, and maintaining proper communications with the beneficiaries. (more…)