Popular author and Senior Wills and Estate Planner Lynne Butler offers her latest in an ongoing series of estate planning advice. In this title, Ms. Butler tackles the rarely discussed personal liability of appointed executors. Personal liability is the biggest risk that estate executors and administrators can face, sometimes resulting in long drawn out dissolution of estates that can even trump the value of the initial estate. Understanding how to avoid the pitfalls through this process means that you can enjoy the benefits of being a benefactor exactly as intended in the will. Beneficiaries will also find this book useful, when they want to understand better what an executor can and cannot do.
Don't let a stranger make important decisions for your family!
Decide how much help is needed Follow step-by-step checklists Give your parent the care he or she deserves Legal in all provinces except Quebec
Don't let a stranger make important decisions for your family!
As we age, questions about our parents' physical or mental health and well-being or financial capabilities may arise, and often it's difficult to figure out how to start helping them, or we simply can't afford to.
More and more of us are faced with caring for elderly parents. Becoming your parent's guardian and/or trustee enables you to make decisions for them when they can no longer make decisions for themselves. Protect Your Elderly Parents: Become Your Parents' Guardian or Trustee helps you to answer these questions and provides the necessary forms and resources you need to take over as guardian and/or trustee, so that you can ensure your parents have the best care available in their later years – care from a loved one, not a stranger. Plus, all the legal forms you'll need are included, so you'll save money on lawyer's fees!
The download kit contains standard forms for all jurisdictions as well as those specific to your province or territory such as:
Step-by-step checklists for you to follow Initial, Opening and Closing Inventory forms Income and Expenses forms Guardianship and Trusteeship forms for the courts
This book presents an easier way to handle estate planning, which the author calls the family meeting way. holding a family meeting to plan an estate is usually the easiest method because it allows the family to talk openly about the issues, ask questions, and work together. Ensure your family plans for the future without fighting! Use the steps in this book to plan ahead, hold meetings with your family, learn how to document the plan, and make it legal.