For the past year and a half, I have had the opportunity to discuss various current events and issues related to estate planning and estate administration with you. While my posts have been infrequent since my recent maternity leave, I have enjoyed being able to stay in touch with both you and the issues using this blog.
Now it is time for someone else to take over. I am leaving The Estate House and this blog in the extremely capable hands of my colleagues, Douglas Gorman and David Koski. For family reasons, I am moving to Calgary to a new opportunity there. While I am happy to be staying in the estate planning field, to say that it is sad to leave The Estate House is an understatement; in fact, for once I might be without words.
I hope that you continue to visit this blog to see what wisdom The Estate House has to impart. Perhaps our paths will cross again...
Three questions regarding estates/WIlls.
1. A persons estate has moved through Probate Court, The estate is large and involves accountants, lawyers, personal income/property and business accounts. The accountant has worked with CRA, taxes are paid, and the account is moved to terminal. What does terminal mean?
2. Named Beneficiaries have been given a lump sum. After all payments have been distributed (debitors, lawyers, accountants and beneficiaries) what happens to an monies remaining after distribution?
3. A couple is going through a divorce, wills have not been changed. Shortly before the divorce is finalized one person dies. what happens? Does the divorce proceed with a division of property, or does the will override the divorce?
Posted by: Yecats | October 16, 2009 at 07:04 PM