Monthly Archives: May 2024

Exceutor’s Authority and Responsibilities – How much?

HOW MUCH AUTHORITY DO EXECUTOR’S REALLY HAVE? The authority of an Executor or Estate Trustee comes from the wording of a Will (if there is one), the various Estate Administration Statutes and previous cases that have been decided by Courts. … Continue reading

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Cutting kids out of your Will (Disinheriting)

DISINHERITING … When parents draft Wills they occasionally decide that one or more of their children should receive less than their other children. In some cases parents decide to leave nothing to one or more of their children. There are … Continue reading

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Are Joint Accounts part of an Estate?

ARE BANK ACCOUNTS PART OF THE ESTATE ASSETS? It is not uncommon for parents to make their bank accounts joint with one or more of their children. This is particularly so when the parents are quite elderly. When an account … Continue reading

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Estate Accounts need to be kept in a specific format

FORMATTING ESTATE ACCOUNTS Executors of estates are required to keep detailed accounting records. These records include: • Original assets of the estate; • All capital and revenue received by the estate; • All capital and revenue paid out by the … Continue reading

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