Estate Planning

Estate Planning Tips and Traps

A sensible estate plan is crucial to ensure a smooth and uneventful transition of your assets to your beneficiaries. While estate planning need not be overly complicated, here are some items that should be thoughtfully considered in consultation with a lawyer, tax accountant or financial advisor. Tip: Perhaps this is …

Reasons to "Not" Sign a Will

Top 10 Reasons Not to Write a Will

The COVID 19 Pandemic has spawned a number of articles recommending that people write or update their Wills. In the interest of injecting some levity into the situation, I am revisiting this blog post from several years ago. There are several iterations of this article – this version was cribbed …

Is an Executor Liable?

Is an Executor Liable for the Deceased’s Debts?

The short answer is that an Executor is not liable for the Deceased’s debts. However, an Executor is liable for any errors or omissions made in the course of administering an Estate. This includes failing to pay debts or liabilities of the Estate. Common Debts of an Estate Amongst the …