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Posts Tagged ‘Estate Planning’

Acting as an Executor or Executrix

On the death of your spouse or a loved one or friend you may find that you have been named as the Executor (or Executrix) of a Will. The Executor could also be a trusted friend or an advisor or even a trust company. If the deceased did not have a Will or the Will did not name an Executor then the Surrogate or Probate Court will have to be approached and the court will appoint an appropriate person as the representative. This person is called the Administrator and fulfills the same role as the Executor.

The spousal trust: The remarried spouse’s best friend

In recent decades, the number of Canadians entering a second marriage has been on the rise, creating more and more blended families. And when it comes to tax and estate planning for a blended family, Advisors need to give it special attention. Indeed, the needs and desires of people living in blended unions are different from those in a more “traditional” family unit.