Myron Neufeld

Myron Neufeld is a 25 year veteran of the life and property casualty insurance industry with over 20 years in a variety of senior roles. His extensive experience in product development, distribution models and information technology have provided him the opportunity to work with numerous national clients in the creation and implementation of new and emerging risk solutions. Much of Myron’s focus has been on non-traditional distribution models leveraging product, and technology while focusing on seamless process integration to minimize impact and expense and maximize program effectiveness. ERAssure® exemplifies this approach, bringing relevant product to a significant emerging risk in the transfer of wealth driven by the baby boomers of today.

Tax and Succession Planning

In this brief podcast, estate lawyer Ian Hull of Hull and Hull LLP focuses on what he calls a “summary of considerations” for dealing Canadian tax issues. (more…)

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Estate Planning Strategies

If you own your own business, it is important to make considerations for it when planning for the future. (more…)

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The Risks Involved With Being an Estate Executor

Tara Perkins from the Globe and Mail discusses the new concept of insurance for non-professional executors. (more…)

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Executor Insurance Can Protect Trustees From Personal Liability

Executors often face a demanding job, disgruntled beneficiaries, and the genuine risk of personal liability. (more…)

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Deceased Leaves Estate to Hairdresser, Not Family

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…)

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Elder Financial Abuse

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.

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You Can’t Cheat Death, but Funeral Preplanning Eases the Hardship

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.

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Hospitals Doubling as Estate Planning Hubs

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.

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Horrors of Estate Plans Gone Wrong

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…)

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Estate Executors Can be Liable for Negligence

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…)

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