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Having a will and an estate plan is essential. It is shocking how many people delay having a will made or updated for them and setting in motion a plan for their estate. That being said, no matter how urgent it may seem to have a will made or updated, it is extremely important that Read more about Interpreting an Unclear Will[…]
When a loved one dies, as the executor you have the overwhelming responsibility of wrapping up your loved one’s life. There are many things to sort out, from organizing a funeral to dealing with banks and credit card companies. To do so you need to have a clear mind and laser-sharp focus, and it isn’t Read more about What to do with a Will as after the loss of a loved one – The Role of the Executor[…]
The Government of Ontario charges what is known as the Estate Administration Tax, and known more commonly as probate tax, on the total value of a deceased individual’s estate. This includes assets that the deceased owned at the time of death. According to the Ministry of Finance of the Government of Ontario, the current tax Read more about Will I have to pay Probate Taxes on the house?[…]
A common misconception is that having a will in place prevents one’s estate from going through the probate process. However, the reality is that leaving assets to your family and friends in your will can trigger the probate process. Probate is the validation of a will of a deceased individual by a Court. Probate also Read more about Do Wills Prevent Probate?[…]
If you’ve been named the executor of a loved one’s estate in their Will, one of your most important obligations is to make an inventory of all of the estate’s assets. The general rule on what is to be counted as an estate asset is outlined in William Sheppard’s text entitled ”The Touchstone of Common Read more about Facebooking from Beyond the Grave[…]
On the face of it, Shahrukh Khan and Salman Khan’s hit 1995 Bollywood movie is about reincarnation, the bonds of blood, and the depth of a mother’s love, but if you look at it carefully, it’s about a bitter estate dispute that is inherited from generation to generation. Durga Singh’s two adult children lived in Read more about Karan, Arjun and Inheriting Estate Disputes[…]
Upon the death of a loved one, one of the most important obligations upon the shoulders of the executor is to find the last will and testament of the deceased. Usually, what is necessary at this point for the Probate process is the original will, not a photocopy of the will. Probate is the validation Read more about Can you Probate a Photocopy of a Will?[…]