Estate Administration

Total 493 Posts

R.E.S.P.E.C.T…..the handwriting analysis?

• • 0 Comments

The Aretha Franklin estate saga has taken another interesting turn this week, with a Michigan Probate Court making an order for a handwriting analyst to review one of her holograph Wills. As Lara Besharat explained in her detailed blog post on May 23rd, Aretha died in August of 2018, leaving behind three handwritten Wills, two of which were dated 2010, and one of which was dated 2014. The two Wills….

R.E.S.P.E.C.T…..the handwriting analysis? Continue Reading »

Estate Administration

A TFSA loses its tax exempt status

• • 0 Comments

The income tax treatment of a trust and its beneficiary where the trust lost its status as a tax-free savings account (TFSA) because it contravened the registration restriction on borrowing money was the subject of a recent Canada Revenue Agency(CRA) technical interpretation. The trust continued to exist for several years after the borrowing occurred and was administered during that time by the TFSA issuer as though it were a TFSA…..

A TFSA loses its tax exempt status Continue Reading »

Canada Revenue Agency, Estate Administration, Executors, Tax Issues

Probate and the Humans Rights Tribunal of Ontario

• • 0 Comments

On June 29, 2019, the Human Rights Tribunal of Ontario (the “HRTO”) released an interim decision which impacts upon estate trustees and which calls for some friendly scrutiny from estate solicitors and litigators. My colleague, Jacob Kaufman, blogged about a previous and related HRTO 2017 case which required that a certificate of appointment of estate trustee (probate) be obtained – both where there is and is not a will – in order….

Probate and the Humans Rights Tribunal of Ontario Continue Reading »

Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Executors, Wills

INCOME RECEIVED AFTER DEATH

• • 0 Comments

Recently, the Canada Revenue Agency released a technical interpretation to clarify the commentary in the T4001 Employer’s Guide – Payroll deductions and Remittances, and the T4011 guide, Preparing Returns for Deceased Persons, in respect of income payable at death but not actually paid until the subsequent year. The CRA confirmed that income payable should only be included in the T4 for the year in which it was actually paid, which….

INCOME RECEIVED AFTER DEATH Continue Reading »

Canada Revenue Agency, Estate Administration, Estate Planning, Tax Issues, Uncategorized

The STEP Annual Conference

• • 1 Comment

This blog was written by Teresa Acs – Director, Professional Development & Process Excellence I had the pleasure of participating at last week’s Society of Estate and Trust Practitioners (STEP) Canada Conference. Each year, the conference attendance surpasses the year before, speaking to both the quality and importance of this event. The STEP conference attracts those practicing in the estate and trust field; lawyers, accountants, service providers and Trust Companies. ….

The STEP Annual Conference Continue Reading »

Estate Administration, Interest, Practice Management, Succession Planning, Uncategorized
Scroll to Top