A caution to lawyers who may agree to act as an executor. Lawyers often agree to be the executor for the estate of a client, friend, or family member. This situation usually only arises if no one else is readily available to act, and the client resists the suggestion of engaging with a trust company (which is common). Acting as … Read More
Tax Treatment of Estate
EXCERPT FROM TAXATION OF TRUSTS: TAX TREATMENT OF AN ESTATE Reprinted from Chapter 2 “Types of Trusts and Planning”, s.2.1.2(b)(vii) “An Estate”, pp. 42-44, in Taxation of Trusts and Estates: A Practitioner’s Guide 2011, by Larry H. Frostiak, John Poyser and Grace Chow, by permission of Carswell, a division of Thomson Reuters Canada Limited. An estate is not a trust,31[] but is afforded … Read More
Trust Protects Family
Joan Brown had one daughter. The daughter led a troubled life. She had a drug problem. She was prone to depression. She developed health problems. She was unable to work and became dependent on the Ontario Government for income support. It was a happy day when her daughter had children of her own – three girls. They were Joan’s only … Read More