Sentences with phrase «as estate trustees»

The estate lawyers at Eisen Law have the necessary experience and knowledge to function as estate trustees where necessary.

Two of the five children, Howard and Jeanette, were named as estate trustees.

Given the modest value of the estate, the Honourable Justice Corthorn ordered Sheila and Kevin to provide an accounting to the Court, and the Court would then determine whether a full passing of accounts would be required and whether the proposed substitution of Sheila and Kevin as estate trustees was appropriate.

In addition to the question of liability, the Court was also asked to decide whether Sheila and Kevin were required to pass their accounts and also whether Sheila and Kevin were to be removed as estate trustees (and whether Kevin was to be removed as sole trustee of Patrick's fund).

This can be prohibitively costly for a person seeking to be appointed as Estate Trustee.

If you exercise a power of attorney for property or act as an estate trustee or solicitor with control of the estate assets, you should ensure to keep proper trust accounting records and reconcile the accounts monthly.

If a person named as estate trustee in a will hasn't begun to act, he or she should be able to renounce the role.

If there is no will, the law creates a hierarchy of people who are entitled to act as estate trustee.

In order for someone with a lower priority to act as estate trustee, the person (s) with a higher priority must formally give up (or «renounce») their entitlement to act as estate trustee and consent to the other person acting.

The person with the first right to act as estate trustee is the spouse of the deceased, followed by adult children, then any other adult descendants, then the parents of the deceased, then the adult siblings.

Giving up your right to act as estate trustee of an intestate estate (or «renouncing») does not mean that you are also giving up your right to inherit from the estate.

Continue with the executor that was appointed by the will as an estate trustee during litigation but put stringent rules or limits on his or her powers;

There are various Tax minefields that I continuously come across in the course of my practice as an Estate Litigation Lawyer, a lawyer who sues other lawyers for tax errors that cause losses and as an Estate Trustee / Guardian / Attorney for Property.

While the standard run - off protection would not cover such services provided by you after retirement, you may apply for increased run - off coverage that could cover such work as an estate trustee, etc. during retirement.

These include: whether the practice should be wound up or preserved for sale, compensation for the replacement lawyer, making arrangements for the replacement lawyer's access to trust and general accounts, creation of a power of attorney to support the transition, and the appointment of the replacement lawyer as estate trustee for the planning lawyer's practice.

They may feel that it would offend one of their children to not appoint them as an estate trustee or that... read more

[i] In this paper, I will use the term «trustee» to include a trustee of an inter vivos or testamentary trust, as well as an estate trustee.

If a person appoints a non-resident of Canada as estate trustee, there are likely to be tax consequences.

Complex estate matters or potential family conflict may mean that it is best to avoid having a loved one as an estate trustee.

Do you not realize that bank staff would also be given incentives for the number of wills customers they talk into naming the bank as estate trustee?

We lawyers typically agree to serve as estate trustee only as a last resort, and even then, we do not get an immediate bonus if the client does name us.

An Order Giving Directions had directed the second wife in her capacity as estate trustee to disclose information to the first wife regarding the estate assets, the businesses, medical records, and solicitors» files.

The second wife was named as the estate trustee in the deceased's will.

On receipt of the objections, the estate trustee is given the opportunity to file a response to each objection, either providing the requested information, agreeing with the beneficiary's objection and revising the estate accounts accordingly, or defending the appropriateness of her actions as estate trustee.

Under the Income Tax Act, it is the responsibility of the legal representative (such as an estate trustee, or the administrator of the estate if probate is not required) to file all required returns for the deceased on a timely basis, pay all tax owing, and advise the beneficiaries whether the amount they receive from... read more

Choosing individuals to manage your finances and personal care by Power of Attorney or to act as Estate Trustee may not be as simple as you think.

Probate or Certificate of Apointment of Estate Trustee as its now known in Ontario is a court's legal confirmation of a Will as well as an estate trustee's authority.

It's not always necessary to have someone officially appointed as estate trustee and there are many estates where it is not done.

There may also be conflict among family members as to who is best suited at act as Estate Trustee.

Erudite law LLP can guide you through this difficult time and assist you with your application to be appointed as Estate Trustee (with or without a Will), Administrating the Estate, and performing the passing of the accounts.

As a result, the Court set aside the order appointing the Public Guardian and Trustee as estate trustee and appointed a willing volunteer in his place.

The parties agreed and, without giving notice to the Office of the Public Guardian and Trustee («OPGT»), they obtained a court order appointing the Public Guardian and Trustee as estate trustee during litigation on a temporary basis (namely, to complete the sale of the deceased's house, liquidate his other assets, and to resolve the pressing issue of whether the deceased was to be cremated or buried).

Often seen as an option of last resort, the Public Guardian and Trustee («PGT») may be asked to step in to act as estate trustee.

More often than not, the same question is asked by the creditors of an estate — if no one is appointed as estate trustee, how are the creditors able to recover their debts?

Where the named estate trustee has not yet begun acting in her role as estate trustee (i.e. she has not yet undertaken any work administering the estate), she may «resign» or... read more

The Public Guardian and Trustee has the statutory authority to act as an estate trustee (section 1 of the Crown Administration Act).

Although they sound similar, there are important procedural differences between «removing» an estate trustee and «renouncing» the right to act as an estate trustee.

Your handwritten will should say who gets your property, and it should name someone as your estate trustee (executor).

For more information on when the Public Guardian and Trustee is likely to consent to act as estate trustee and what services it provides, the OPGT has published a helpful pamphlet.

This has to do with «probate» and «probate fees», more accurately called Appointment as Estate Trustee and Estate Administration Tax.

In Hooke Estate, a beneficiary challenged the amounts claimed by lawyer William George Jeffery for his work as estate trustee and solicitor.

The BMO Trust Co., in its capacity as Estate Trustee, opposed VS's request for relief.

John Osgoode Smith practises estates and trusts law: wills, trusts and powers of attorney; estate administration, advising trustees and acting as estate trustee during litigation.

Exempt lawyers can apply to increase Run - Off coverage protection to include protection for services yet to be performed as estate trustee, trustee for inter vivos trust, or attorney for property, as follows:

optional for lawyers named or acting as estate trustee, trustee for inter vivos trust, or attorney for property as residual work from their former law practice who wish to purchase expanded coverage for these services yet to be performed.

The only exceptions to this are with respect to pro bono legal services provided through an approved pro bono legal services program associated with Pro Bono Law Ontario, with respect to qualifying mentoring activities, or where the lawyer has applied for and purchased additional coverage specifically for certain services yet to be performed as estate trustee, trustee for inter vivos trust, or attorney for property, as described further

Following the death of Mrs. Columbus, the grandson and one of the respondents filed a notice of objection in respect of the appointment of the applicant as estate trustee.

Probate or Certificate of Apointment of Estate Trustee as its now known in Ontario is a court's legal confirmation of a Will as well as an estate trustee's authority.

Not exact matches

Business Insider recently talked to some of the people who were around Hopper during the making of «The Last Movie,» as well as Marin Hopper, daughter of the legendary actor / filmmaker, who is one of the trustees of the Hopper estate and current rights holder of «The Last Movie.»

The Trustee shall divide the trust estate into two shares as follows: One share equal to five percent (5 %) thereof shall be set aside for DISNEY FOUNDATION, and one share equal to ninety - five percent (95 %) thereof shall be set aside for CALIFORNIA INSTITUTE OF THE ARTS.