A common inheritance scam in Canada involves an individual contacting a person, often by phone or email, claiming to be the executor for the estate of a 'long lost relative' who the person has never met. They tell the person…
Executors and beneficiaries are often aware of the executor’s year – a common law principle stating that an executor has a year from the testator’s death to finish administering the estate and distribute its assets. During the executor’s year, beneficiaries…
The executor of a will has a handful of responsibilities when administering an estate – including accounting for all estate assets, debts, and money exchanges coming into and out of the estate. When the executor is finished the administration process…
As part of an estate executor’s responsibilities, they must act in the best interests of the beneficiaries so that they receive the largest possible inheritance they’re entitled to. Executors have a fiduciary duty to act to the best of their…
If you’ve recently been named as a beneficiary of a will for the first time in your life, you’re probably wondering what you have to do to receive your inheritance. In some cases, beneficiaries don’t even know that they are…
The executor of a will has several responsibilities when administering an estate – including accounting for all estate assets, debts, and money exchanges coming into and out of the estate. When the executor is ready to distribute the estate to…
The executor of an estate has a handful of responsibilities – these include accounting for all estate assets, debts and exchanges of funds coming into and out of the estate. When the executor is ready to distribute the estate to…
For people who believe they’ve been wronged by an invalid will and are wishing to challenge the will before the courts, they can issue a notice of dispute to the courts to stop the estate administration from proceeding. For the…
In a will, will-writers can specify a survivorship period where the beneficiary must survive the will-writer beyond a specified period, or else their gift will be lapsed and distributed to someone else in the will. Essentially, a survivorship period gives…
