Description

Summary:

In this episode, Gordon & Jenna discuss estate administration from the perspective of a beneficiary, which is a different angle compared to their usual focus on the role of the executor and fiduciary responsibility. They provide tips and insights for beneficiaries, starting with the importance of patience in the estate administration process. 

They emphasize the importance of effective communication between beneficiaries and executors, and the role of legal advice in resolving issues related to estate administration. They also highlight the need for beneficiaries to be proactive in protecting their rights, particularly in cases where there may be financial dependency or concerns about the validity of the will. 

Key Points:

• Estate administration in Canada typically takes 12-24 months
• Six-month limitation period for potential claims against the estate
• Time-consuming process of obtaining the grant of probate
• Importance of good communication from the executor to set appropriate expectations for beneficiaries
• Consider filing a claim against the estate if financially dependent on deceased
• Need permission from the court if missed deadline

Hosts:
Jenna Carvalho
The smartest way to choose an executor.
Guardian Estate Company
Facebook
LinkedIn
Instagram

Gordon VanderLeek
Give your family a legacy of protection - Wills, Estates and Trusts.
VanderLeek Law
Facebook
LinkedIn
Instagram