Archive for the ‘Executors’ Category

POA versus Executor Compensation

Friday, October 2nd, 2015

On Tuesday, September 29, I spoke at an OBA program entitled “The Family Business: Administration and Litigation of Trusts and Estates Holding Business Assets.” At the end of the program, there was an interesting discussion about the distinction between compensation for estate trustees and compensation for POAs or guardians of ...

Principal residence and Co-Ownership

Thursday, October 1st, 2015

The Canada Revenue Agency (CRA) was asked to comment on several scenarios involving the sale and deemed sale of a property co-owned by a couple. Two common-law partners, A and B, purchased a condo as a principal residence. When A renewed the mortgage debt on the condo, B's name was ...