Upcoming seminar being held to benefit will executors

Most executors, when asked if they would ever take that task on again, answer with a resounding “No”.

  • Jan. 13, 2012 1:00 p.m.

Most executors, when asked if they would ever take that task on again, answer with a resounding “No”. Although honoured when first appointed Executor, many quickly realize they lack the legal know-how to properly administer an Estate when called upon.

Most Canadians are either named as Executor in a Will or have a Will of their own in which they’ve named an Executor.  As Executor, certain duties must be performed, within a certain timeframe and in a specific order. Vehicle ownership must be transferred, terminal tax returns filed, taxes paid (including the possibility of capital gains tax), property transferred, accounts closed and accurate records kept. The average estate in Canada takes 18 months to settle. Even a little planning by the testator (writer of the will) now can make a big difference to the executor later when called upon.

“Executors, usually at a very emotional and stressful time in their lives, need to complete a task they have never done—or did once twenty years ago. They are required to find and gather specific documentation, know who to contact and where the government offices are, pay for numerous fees…for many, it is daunting.  That’s why we are pleased to be able to provide this important information, information that can save families unnecessary headaches and estate settlement costs” said Kevin Holte, seminar presenter and Assurant Life District Manager for British Columbia.

“It never ceases to amaze me how often a death in the family is the spark that ignites the underlying flame of sibling rivalry or perceived parental favouritism…add money to the mix and the executor can be looking at a Molotov cocktail of stress,” said Holte. “I’ve seen a lot of preventable confusion—just a little bit of preparedness can go a long way in making things easier for the loved ones. For example, I just finished talking with a lady who was in tears—she has spent over a year trying to fix a problem with her late husband’s will that was going to cost her thousands of dollars in probate fees…all because of one little oversight.  Had they reviewed the will before he passed away, the oversight would have been caught, and she wouldn’t be facing the difficulties with the courts she is presently facing,” adds Mr. Holte.

“One of the most common mistakes people make is trying too hard to avoid probate fees. People need to be aware of the risks when they joint their home with one of their kids, because sometimes the cure is worse than the disease” adds Mr. Holte. “I think what the funeral homes are doing to educate and empower the public is very commendable.”

John & Lynda are enthusiastic about the seminar’s content. “It is important for the average person to walk away from the seminar with some real understanding and tangible steps they can take.  That’s exactly what these seminars provide, and they are presented in simple English so even the most ‘rookie’ testator or executor will benefit.”

Everyone is invited to attend.  Topics include an understanding of the executor’s legal responsibilities along with a realistic expectation of costs and timelines, time-saving and money-saving tips, funeral pre-planning information as well as cremation options. “The goal is ensure everyone ends up with a grateful executor and not a frazzled one,” is how Mr. Holte summarizes the seminar.

The events will be held on January 24 at Cherished Memories in Fernie. RSVP (250)423-7944 or cmfs@shaw.ca. and on January 25 at McPherson’s, in Cranbrook. RSVP (250)426-3132 or info@mcphersonfh.com.

Both events are hosted by Familyside and Purple Shield.



Just Posted

Extensive vandalism closes Fernie Aquatic Centre

Windows broken, bike jumps flipped, dirt jumps damaged

Fernie Half Marathon sprints into greatness

The Fernie Half Marathon, 3-Runner Relay and 10k kicked off under blue… Continue reading

Vehicle incident temporarily closes Hwy 3 east of Sparwood

This afternoon at approximately 4 p.m., DriveBC reported that Highway 3 was… Continue reading

Man caught throwing away election signs in Fernie, ordered to put them back

Man told RCMP he had ‘no faith in government’

Climate change, worker shortages, more addressed at Sparwood election forum

The Sparwood all-candidates forum was thought provoking and challenged candidates to dig… Continue reading

B.C.’s rural paramedic program expands, with home support

Advanced care ambulance staff added for six communities

BC Ferries sees steady traffic of post-Thanksgiving weekend travellers

Ferries filling up fast, sailing waits at some terminals

‘Save the kids!’ Dorian survivor tells the harrowing story of his Canadian wife’s death

Family held a funeral and placed Alishia Liolli’s remains in a niche at a cemetery in Windsor, Ont.

Okanagan woman, 91, votes at advance polls despite broken hip, shoulder and wrist

Angela Maynard has voted in almost every election during her lifetime

Heiltsuk Nation open first Big House in 120 years in northern B.C.

Opening means the community now has an appropriate space for spiritual and ceremonial events

Singh says NDP would form coalition with the Liberals to stop Tories

Singh was in a Liberal-held riding Sunday afternoon in Surrey where he was pressed about his post-election intentions

‘My heart goes out to the mother’: B.C. dad reacts to stabbing death of Ontario boy

Carson Crimeni, who was also 14, was bullied relentlessly, his dad says

BC Ferries filling up fast with post-Thanksgiving weekend travellers

Monday anticipated to be busiest day of the weekend

‘Wham-bam out the door’: Surrey man’s front yard left ruined by scamming landscaper

Resident warns neighbours to be careful of door-to-door salesmen

Most Read