TRUSTEE EXECUTOR DISPUTES

Being named executor of an estate comes with a lot of responsibility. Not only is the executor responsible for the administration and distribution of the estate, but the role also opens them up to the possibility of personal liability. For this and other reasons, executors are generally entitled to compensation equal generally to about 5%…

Last year we reported about a dispute among the siblings of a Canadian figure skater turned artist who passed away in Mexico, leaving a very valuable estate behind. The matter has finally been resolved, and we wanted to let our readers know about how it turned out, particularly in relation to costs, which were significant….

Those familiar with estate litigation are well aware that family relationships can be complicated, and in the event of someone’s death, the problems in relationships amongst surviving members of the family can lead to impasses in how the deceased’s estate is managed. In a recent decision from the Ontario Superior Court of Justice, the court…

It has been a number of years since pop star Britney Spears has been a household name in many parts of the world. Stories about her struggles with fame and mental health are almost as common as those about her stunning rise to the top of the pop charts in the late ‘90s and early…

Becoming the trustee of an estate is a serious responsibility. In some situations, there could be a large number of people relying on your work to properly oversee the administration of the estate. It’s important to be aware of these responsibilities and how your conduct in the process of being a trustee can impact you,…

Being named the executor or trustee of an estate is a huge responsibility requiring decisions that affect the beneficiaries of the estate. While executors and trustees might look to wrap up their responsibilities as quickly and efficiently as possible, there are many reasons why they may be faced with delays or even challenges from beneficiaries…

When people pass away, they may leave financial debts that still have to be paid out of their estate. Of course, not every debt is to be treated the same way. In a recent case heard by the Court of Appeal for Ontario, the appellant’s father passed away, leaving behind both a line of credit…

The idea of planning for your care in the event that you become unable to take care of yourself is an important step in proper estate planning. By granting someone power of attorney, you grant someone the authority over your finances and personal affairs. You can have one person oversee decisions around property, health, and finances,…