Learn tips that every Executor should know when they are down in the trenches of estate administration!
The ABC’s of Estate Administration
Whether you are an executor, a beneficiary, or simply someone interested in the subject, grasping the terminology associated with estate administration is essential for ensuring success. So, let's embark on this journey together and unravel the terminology of estate administration.
How To Plan for Your Assets
We recently published a blog about how to plan for your liabilities when it comes to your estate planning – now let us talk about how you can plan for your assets and ensure that they are accounted for and protected when it comes time to administer your estate. Let’s look further into a few ways that you can carefully plan for your assets.
Carley’s Corner – The Casey Kasem Estate
Discover the untold story of Casey Kasem, the iconic American DJ, actor, and voice behind the beloved Shaggy from Scooby-Doo. While he left an indelible mark on the entertainment world, his final days were marred by family disputes, legal battles, and even the shocking 'kidnapping' of his own body
Let's Talk About Death & Estate Planning
The topic of death and estate planning is never an easy conversation to initiate; however, it’s such an important conversation to be had. It can feel awkward and overwhelming to try to steer the conversation on the right path. Let’s look at some ways you can start the end-of-life conversation and turn the uncomfortable topic into something productive.
Carley’s Corner – Sonny Bono’s Estate Mishap
When Sonny Bono died, his estate was worth approximately two million dollars. He had re-married since his divorce with Cher, and left behind his wife Mary, and his three children Chaz, Chesare, and Christy. To make an already devastating situation more complicated, Sonny died without a Will and with no estate plan in place.
Should I Accept or Renounce the Role of Executor?
The role of Executor is not a simple job to say the least. Society has instilled it in our brains that being named as the Executor of a loved one’s estate is an absolute honor, however there is much more involved than one may think. This begs the question, “But what if I don’t want to be the Executor?!”
What is Estate Administration Tax?
For an individual acting as an Executor for the first time, the concept of Estate Administration Tax can be a confusing concept to navigate. Let’s break down some of the most common questions surrounding EAT.
Identity Theft and Obituaries
Obituaries serve as a heartfelt tribute to a deceased loved one. However, there has been a rise in identity theft due to how much detail some obituaries provide to the public. Scammers can then use these stolen identities to create false documents, open bank accounts, borrow money, or worse – all from the information we voluntarily share.
How to Plan for Your Liabilities
While we are quick to discuss our assets when it comes to our estate planning, it’s crucial that we also plan for our liabilities. Your future executor will be unable to administer your estate before paying off your debts and liabilities, and if they don’t know where to begin it can cause both lengthy and costly delays. Let’s look further into a few ways that you can properly plan for your debts.
Carley’s Corner – Audrey Hepburn’s Estate
Estates can be complicated, and when family dynamics come into play, they can get even more complex! See what caused a 24-year-long family feud over the contents of Audrey Hepburn’s Will.
First Steps for Your Estate Planning
Something that we talk about often here at ETP Canada, is the importance of having an estate plan made. However, without knowing where to begin, the task can seem daunting to someone who is just starting their estate planning journey. Let’s look at some of the important first steps that should be taken when it comes to creating your estate plan!
What Makes Up a Good Estate Plan?
There are many aspects to consider when it comes to planning your estate, but what exactly makes up a good estate plan? Let’s break down some key components.
Carley's Corner - The Robin Williams Estate
When Robin Williams passed, he had what appeared to be well drafted estate plans. While Robin’s Will was very detailed regarding how to handle his money, it appeared to be vague regarding the contents inside of the home that he shared with his wife. What was to happen with his clothes, graphic novels, photographs, and memorabilia? As you can imagine, everyone had different plans for these items!
Conversations with your Future Executor
Having a conversation with the person you have named as your Executor is a crucial step that is often missed when it comes to getting plans in order. We are quick to talk about the latest news, weather, and what happened on that HBO show last night, but why is it that we avoid talking about our estate plans with the ones who will be responsible for carrying out our last wishes?
Chadwick Boseman’s Expensive Estate Planning Error
Do you know what happened to Chadwick Boseman’s Estate? Click to read more!
Today’s Executor vs. Technology
While the level of comfort we each have with technology drastically varies – the big question we should all be asking ourselves is “how comfortable is my Executor with navigating technology and digital platforms?”
Carley’s Corner - Princess Diana’s “Letter of Wishes”
Carley’s Corner - The James Gandolfini Estate
Laroux Peoples : Three Tips for Navigating a Loved Ones Estate
Laroux Peoples writes an insightful guest blog detailing three tips for navigating a loved ones estate. Click to read more!