Yesterday, I attended at a seminar put on by the Law Society of Upper Canada entitled “Practice Gems: The Administration of Estates 2011: Avoiding the Pitfalls”. (There is a repeat performance scheduled for October 31, 2011: see details here.)
One of the presenters was Clare Burns. She has prepared an excellent checklist for solicitors advising estate trustees. The checklist covers topics such as the first interview with the client, reviewing wills, codicils and affidavits of execution, preparing and delivering initial report to the client, determining the estate assets and liabilities, applying for the Certificate of Appointment, realizing and distributing the estate, and preparing the final report to the client. Under each heading, there are detailed descriptions of matters to be considered.
Ms. Burns has advised that she hopes to have the checklist available on the LSUC website shortly.
Solicitors are encouraged to download the checklist, and personalize it and expand to it according to their needs and experience.
The benefits of using a good checklist cannot be overstated. They are an essential tool in any practice.
Thank you for reading.
Paul E. Trudelle – Click here for more information on Paul Trudelle.
Listen to Will Challenge Litigation – Part 1
This week on Hull and Estates, Ian and Suzana kick off their new video format.This podcast is an audio version of the video podcast that is available on YouTube here: http://www.youtube.com/watch?v=udEcTpLFIkk
This week’s episode also marks the beginning of a new segment that tackles Will Challenge Litigation step-by-step.
Listen to Calculating Compensation
This week, Ian and Suzana discuss the number of emails they received last week about cross-reference analysis and compensation. Ian references 5 cases that are important to this subject:
1. Logan vs Laing – Ontario Court of Appeal
2. Toronto Railway Trust
3. Re. Knoch (1982)
4. George William Trust
5. Re. Jeffrey
They explain and continue talking about calculating compensation and how to audit the claim for compensation.
Listen to Dealing with Estate Planning
This week on Hull on Estate and Succession Planning, Ian and Suzana discuss dealing with estate planning and encouraging everyone to draw up a will.
Listen to Valuations and Appraisals
Ian celebrates the 100th episode of Hull on Estate and Succession Planning.
He discusses the question of valuations and appraisals and how these affect estate mediation.
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Listen to Pre-probate Checklist
They then wrap up their ongoing discussion about some useful steps to remember when administering an estate.
Listen to Asset Particulars
This week on Hull on Estate and Succession Planning, Ian and Suzana talk about the importance of keeping track of asset details.