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Passing of Accounts Estate Trustees are required to keep accurate and up-to-date accounts of the estate or trusts they are administering. Obtaining the court’s approval of these accounts is a process known as “passing of accounts”. The court’s approval is not always required, but in certain circumstances a passing of accounts is necessary. These instances

Intestacy

DYING WITHOUT A WILL; INTESTACY LAWS IN ONTARIO  In accordance with the Succession Law Reform Act (SLRA), when you die without a Will (known as dying intestate) your estate will be administered according to the law of intestacy. The Rules The rules of intestacy are inflexible, and apply regardless based on bloodlines. These rules may

Estate Information Return

What are the consequences for NOT filing with the Minister of Finance? Estate representatives who fail to file the Information Return as required, or who make false or misleading statements on the return, are guilty of an offence and, on conviction, are liable to a fine of at least $1,000 and up to twice the
Financial abuse is the most common abuse of elder abuse and is the use of a person’s money in a fraudulent way and without their consent or awareness. The Canadian Securities Administrators is launching a campaign this month, which is aimed at family, friends and caregivers of older adults. People are being encouraged to reach
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