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I was wondering how personal taxes are affected by
Hello, I was wondering how personal taxes are affected by inheriting money from the sale of real estate in a will? For example, after dividing the sale proceeds between the beneficiaries … read more
Ulysses101
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I'm a specified beneficiary, NOT residuary. Trustees have
I'm a specified beneficiary, NOT residuary. Trustees have NOT respected annual rendering of account, are are using estate assets for personal gain. … read more
Debra
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I'm in Alberta and my 91 year old Dad living in Surrey BC
Hi, I'm in Alberta and my 91 year old Dad living in Surrey BC asked me about taxes on the sale of his home if he passes away. … read more
Debra
Debra
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My legal spouse – we are married – has our cottage property
My legal spouse – we are married – has our cottage property in his name only as it was purchased from family member and all felt more comfortable at the time (21 years ago) to only have his name on it… read more
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Hello Legal Ease, as per this conversation, my notary said that my husband would have t
Hello Legal Ease, as per this conversation, my notary said that my husband would have to pay capital gain tax when ho does hos grandmother's 2014 income tax return and not only when he sells the duple… read more
Debra
Debra
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I am my mothers executor. She died Nov 2012. In her will she
I am my mothers executor. She died Nov 2012. In her will she stated that I could buy her cottage in Ontario for $100,000 less than value. I purchased her cottage in 2010 with a clear deed. My brother … read more
Debra
Debra
Lawyer
Doctoral Degree
145,144 satisfied customers
We have a living revocable trust, for my mother, in NH. My
We have a living revocable trust, for my mother, in NH. My brother and I are 50/50 beneficiaries of her estate. She owns land in Novia Scotia. I read that, upon inheritance, the land is taxed on 1/2 o… read more
Debra
Debra
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145,144 satisfied customers
Where a cottage is owned by one spouse, and the adjusted
Where a cottage is owned by one spouse, and the adjusted cost base for calculating capital gains is $200,000, if the cottage is changed to Joint tenancy with right of survivorship, who claims the capi… read more
Debra
Debra
Lawyer
Doctoral Degree
145,144 satisfied customers
My father died in 2006 and my sister is the executer. She has
My father died in 2006 and my sister is the executer. She has still not settled the entire estate - waiting to see if capital gains needs to be paid on the cottage and shares transferred to her. How m… read more
Copperlaw
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When a condo is left as part of an estate to two individuals
When a condo is left as part of an estate to two individuals equally and no other parties are involved is it necessary to transfer title once the probate is completed. Does it not automatically become… read more
Debra
Debra
Lawyer
Doctoral Degree
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There are 4 children who are are equal beneficiaries. Are we
There are 4 children who are are equal beneficiaries. Are we entitled to a full disclosure of bank accounts records and where the money is being spent and how??… read more
Debra
Debra
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Beneficiaries in another Country are questioning their $$
I am the Executor of a Will and have been asked by the beneficiaries who are in another country (Brasil) to provide them with information "for their bank" for the banks "Inventory Records" for income … read more
Debra
Debra
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Doctoral Degree
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Hi Folks, We are in the process of listing our cottage for
Hi Folks, We are in the process of listing our cottage for sale. The cottage was an inheritance from my father-in-law and my husband and his sister are both on title. A number of years back, we took o… read more
Debra
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I am the executor and trustee of an elderly aunt and uncle
I am the executor and trustee of an elderly aunt and uncle who passed within six (6) weeks of each other. My aunt passed first and assuming as their asset accounts were all joint, including property, … read more
Debra
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Doctoral Degree
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If my dad adds three of his children to the deed of his cottage
If my dad adds three of his children to the deed of his cottage in ontario, and they are all American citizens, including himself.....when, and how much capitol gains is triggered, and who is responsi… read more
Debra
Debra
Lawyer
Doctoral Degree
145,144 satisfied customers
hi my question is When our dad passed away in 1993, he had
hi my question is: When our dad passed away in 1993, he had no will, but there was a cottage in minden ontario that he owned. The cottage was in his ex-father inlaws name (Robert Kenny). Our father ha… read more
D.A.M.
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In Canada, my mother died. 3 siblings were named executors.
In Canada, my mother died. 3 siblings were named executors. 5 are beneficiaries, 3 full beneficiaries & 2 lesser. She divided her estate in half, 1 portion to 6 siblings & 1 portion to 8 siblings. The… read more
Debra
Debra
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Doctoral Degree
145,144 satisfied customers
as liquidator of the estate, I took money from the estate account
as liquidator of the estate, I took money from the estate account, but never more than the quarter of the estate to which I am entitled(set out in terms of the will.) I took it as an advance on the sa… read more
Flagbridge-CDN
Flagbridge-CDN
Principal Consultant
B.Kin, B.C.L, C. Neg, C. Med, C. A
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