Archive for February 2025

An agent to the named executor in a Will is an advisor who the named representative can retain to carry out duties on their behalf. This may be desirable where the named executor still wishes to be the ultimate trustee of the estate and continue to have the overriding authority to administer an estate; but:

This is a brief and inciteful reminder that purposeful planning is a beautiful gift to those left behind. In Pamela Maass Garrett’s words… “Estate Planning isn’t an exclusive club – its an open invitation to tell your story and leave a legacy” Lesson #1 – Death is unavoidable – plan for what happens after you…

Top 3 Complaints of Executors 1. Time consuming2. Stress and unpleasant family conflict3. Difficulty of role Top 3 Complaints of Beneficiaries 1. Distribution delays2. Poor accounting and communication3. Perceived mismanagement and lack of standard of care

CRA publication What to do when someone has died  Prepare Tax Returns for someone who died CRA T3 Trust Guide

Learn More –> One of my number one questions from executor clients is “how much should I holdback from distribution of the Estate’s residue under the Will, until CRA tax clearance is obtained?” Check out the Advisor.ca blog and James Dolan’s post on key questions Executors should ask themselves when making this decision. “The executor…

Learn More –>