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Answered in 37 minutes by:
4/14/2012
Law.Hut, Lawyer
Category: Canada Law
Satisfied Customers: 7,846
Experience: with over 15 years experience.
VerifiedHello:
There would be no bar or conflict to your acting in either role by virtue of your citizenship or place of residence. There are no tax consequences to you as trustee or power of attorney at all, as you have no ownership of the property and will be receiving no income personally from the estate, and so no income tax will be payable by you. The tax paid by the estate will be the same regardless of where the executor resides.
There would be no bar or conflict to your acting in either role by virtue of your citizenship or place of residence. There are no tax consequences to you as trustee or power of attorney at all, as you have no ownership of the property and will be receiving no income personally from the estate, and so no income tax will be payable by you. The tax paid by the estate will be the same regardless of where the executor resides.
Law.Hut, Lawyer
Category: Canada Law
Satisfied Customers: 7,846
Experience: with over 15 years experience.
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