Drafting a will is not just about who gets what. One critical decision often overlooked by testators is the appointment of an executor – also known as the estate trustee – the person responsible for administering the estate when the time comes. The role of executor is not an easy one, typically
A Do-it-yourself will may save you some money now, but it will probably cost your beneficiaries later. The problem for testators who go it alone without the benefit of legal advice is that they are prone to the kinds of errors and omissions that end up needing litigation to sort
Baby Boomers need to get a move on with their estate plans. Investment Executive magazine recently reported on a survey of Boomers that found a stunning 44 per cent of those who planned to leave an inheritance have yet to get an estate plan in place. With the country’s largest intergenerational transfer
Having gone to the trouble of drafting a will, you don’t want to undo your good work by letting it get lost. If the original version of your will can not be found when the time comes for it to go into effect, your heirs could end up wasting time and money
A recent fall in life expectancy rates is a reminder that you’re never too young to make a will. Between 2020 and 2022, the life expectancy of the average North American dropped for the first time in decades. In the U.S., the headline figure decreased from almost 79 years to just
A charity’s pursuit of $400,000 in missing estate funds should remind testators just how important it is to choose the right executor. According to a recent CBC news story, the Heart and Stroke Foundation of Canada has launched a lawsuit to recover funds it claims were misappropriated from the estate
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