Archive for the ‘Wills’ Category

DEDUCTIBILITY OF EXECUTOR EXPENSES

Monday, April 21st, 2014

Generally speaking, an executor who earns fees in the course of carrying on a business may deduct the expenses net of any estate reimbursement against the fees in computing net income for tax purposes. An executor who is not performing their duties in the course of carrying on a ...

Revival of a Will

Friday, March 28th, 2014

Sometimes we forget the little things.  In being asked the question, can I revive a will that I have revoked, reminds us of those forgotten things.  This question led to a review of Section 19 of the SLRA which provides: 19.(1)A will or part of a will that has been in ...

Eyes Wide Open

Friday, March 14th, 2014

Over the past few weeks I’ve had a number of matters cross my desk where I’m left wondering – why did the named executor or the proposed administrator ever agree to take on the administration. The matters ranged from properties with environmental issues attached to them, necessitating a consideration ...