Category Archives: Featured

More Debts than Assets in an Estate

WHAT TO DO WHEN THERE ARE MORE DEBTS THAN ASSETS IN AN ESTATE What does an executor do if the debts of the estate exceed the assets? First of all, the executor (estate trustee) is not required to assume the executor … Continue reading

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“Unvesting” Estate Property

“UNVESTING” REAL ESTATE  NOT TRANSFERRED WITHIN 3 YEARS OF DEATH If property has vested because it has not been dealt with by the Executor / Estate Trustee within 3 years of the date of death there are options available to … Continue reading

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Specific Gifts in a Will

IT IS IMPORTANT TO ENSURE YOU HAVE A GIFT CLAUSE IN YOUR WILL If your Will leaves specific items to someone, you should ensure a gift clause says what is to happen if that person should predecease you. If you … Continue reading

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How Can I Pay Probate Tax?

HOW CAN I PAY PROBATE TAX? When a probate application is filed with the Superior Court in Ontario, Estate Administration Tax (Probate Tax) has to be paid on the value of the estate. Often there are no funds available to … Continue reading

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What to do with the deceased’s cards?

ESTATE ADMINISTRATION – WHAT TO DO WITH ALL OF THE DECEASED’S CARDS? There are different requirements and recommendations relating to the various cards when someone dies – credit cards, health card, Social Insurance Card, etc. – once those cards are … Continue reading

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