John M. Macaulay Professional Corporation
Being an estate trustee has many serious responsibilities. Some are almost inconsequential and others are quite monumental. Many times I am asked by estate trustees if they are entitled to be paid. The answer is “yes” but they are only entitled to receive a reasonable amount for their administration. An Ontario court would look at:.
Being an estate trustee has many serious responsibilities. Some are almost inconsequential and others are quite monumental. Don’t forget to request Canada Post to redirect the deceased’s mail. While this does not seem urgent it might be one of the most important items to be attended to. Go to the local post office branch taking.
Being an estate trustee has many serious responsibilities. Some are almost inconsequential and others are quite monumental. Estate trustees need to identify the assets of the deceased for many reasons. It happens from time to time that the deceased rented one or more safety deposit boxes from a bank. If there is a box then.
Being an estate trustee has many serious responsibilities. Some are almost inconsequential and others are quite monumental. Estate trustees must, among other things, be accountable for their financial dealings with the estate. You should open an estate account with a bank, yours or with the deceased’s bank as soon as possible after the deceased’s death..
Being an estate trustee has many serious responsibilities. Some are almost inconsequential and others are quite monumental. Estate trustees must, among other things, be accountable for their financial dealings with the estate. This includes looking after the deceased’s tax obligations. Notify Canada Revenue Agency that the deceased has died and cancel any government pensions being.