Listen "Perspective from the Beneficiary"
Episode Synopsis
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 monthsSix-month limitation period for potential claims against the estateTime-consuming process of obtaining the grant of probateImportance of good communication from the executor to set appropriate expectations for beneficiariesConsider filing a claim against the estate if financially dependent on deceasedNeed permission from the court if missed deadlineHosts:Jenna CarvalhoThe smartest way to choose an executor.Guardian Estate CompanyFacebookLinkedInInstagramGordon VanderLeekGive your family a legacy of protection - Wills, Estates and Trusts.VanderLeek LawFacebookLinkedInInstagram
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