Author Archives: gg_admin

No Will? How do you transfer ownership of a deceased’s vehicles?

INTESTACY AND VEHICLE OWNERSHIP If your spouse or loved one died without a Will and left behind vehicles registered in their name only, selling them after their death can be a tricky endeavor. In order to sell a vehicle, the … Continue reading

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Life Insured Mortgages

ARE THEY AN APPROPRIATE ESTATE PLANNING TOOL FOR YOUR REAL ESTATE INVESTMENT? When purchasing a home, most buyers require a mortgage to finance the purchase. In the midst of all the paperwork and information a bank requires to approve a … Continue reading

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Exceutor’s Authority and Responsibilities – How much?

HOW MUCH AUTHORITY DO EXECUTOR’S REALLY HAVE? The authority of an Executor or Estate Trustee comes from the wording of a Will (if there is one), the various Estate Administration Statutes and previous cases that have been decided by Courts. … Continue reading

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Cutting kids out of your Will (Disinheriting)

DISINHERITING … When parents draft Wills they occasionally decide that one or more of their children should receive less than their other children. In some cases parents decide to leave nothing to one or more of their children. There are … Continue reading

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Are Joint Accounts part of an Estate?

ARE BANK ACCOUNTS PART OF THE ESTATE ASSETS? It is not uncommon for parents to make their bank accounts joint with one or more of their children. This is particularly so when the parents are quite elderly. When an account … Continue reading

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Estate Accounts need to be kept in a specific format

FORMATTING ESTATE ACCOUNTS Executors of estates are required to keep detailed accounting records. These records include: • Original assets of the estate; • All capital and revenue received by the estate; • All capital and revenue paid out by the … Continue reading

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Treatment of CPP Death Benefit by the Estate

CPP DEATH BENEFIT AND HOW THE ESTATE NEEDS TO HANDLE IT If you have contributed to the Canada Pension Plan (“CPP”), you will be entitled to a CPP death on your death. The amount of the death benefit will depend on … Continue reading

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Getting “Out” of a Real Estate Transaction

GETTING OUT OF A REAL ESTATE DEAL The decision to purchase or sell a home is not one that should be taken lightly. An Agreement of Purchase and Sale, the standard agreement entered into during a real estate transaction, is … Continue reading

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Simple Probate Application Service and Fee

ARE YOU AN ESTATE TRUSTEE THAT NEEDS PROBATE? Gilmore and Gilmore offers a straight forward, and cost effective Probate Application service for Estate Trustees / Executors who are otherwise willing and able to administer the Estate they are charged with … Continue reading

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Investments Under Power of Attorney

ESTATE ADMINISTRATION – INVESTMENTS UNDER POWER OF ATTORNEY An Attorney acting under a Power of Attorney for Property is required to be careful with investments. If the Power of Attorney for Property of the incapacitated person gives specific authority to make certain types of investments, an attorney … Continue reading

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