Help Now Available For Executors’ Upcoming Challenges
A culmination of recent surveys, statistics, and legislative changes indicate a perfect storm for challenges facing executors (known by different names in different provinces), and the winds are already blowing. Of the 14.8 million Canadians aged 45 or older, 99 per cent intend to name a friend or family member as their executor (Statistics Canada, BMO Leger survey). That’s not surprising given the do-it-yourself (DIY) mentality we’ve adapted in this internet era. But are executors, and testators (those for whom executors will act), actually ready?
Not according to ‘Leave A Legacy’ which estimated 70 per cent of Canadians don’t have a current and valid will. Few Canadians understand the simple things that can negate a will.
Read More »