Many people end up letting their name stand to be an executor for someone without having any idea about what they are getting themselves into.
This workshop walks the participant through the estate administration process from A to Z. All participants will also receive the most comprehensive executor duties checklist that they have ever seen that is customized for Ontario.
NOTE – this session is presented with the focus for Ontario residents only who are learning about being an Executor.
Topics covered will include:
1. Executor compensation
2. The risks of being an executor and ways to lessen those risks
3. The alternatives to acting as an executor
4. Ways to mitigate the burden placed on an executor
5. Ways to attempt to preserve family harmony among beneficiaries
This webinar will be of most interest to tax practitioners, lawyers and accountants (practicing independently or in small to medium sized firms) who need to consult and advise their clients asking for help in the process of being an Executor.
Professional Development Credits:
Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.
Jim Kibble is an independent fee-only estate planner (i.e. sells no insurance or investment products) and founder of Ontario Estate Consulting Solutions Inc. with offices in Kitchener, New Hamburg, Hamilton, and St. Catharines. He holds credentials as a chartered accountant, trust and estate practitioner and certified executor advisor.
Jim is also the resident estate planner at the Henry Walser Funeral Home Ltd. in Kitchener where he operates his business and also assists Walser families with estate planning and estate administration matters.
Jim's community involvement includes the Rotary Club of Kitchener Westmount, Country Hills Church, Waterloo-Wellington Estate Planning Council, and the K-W Racquet Club. Jim also enjoys doubles squash, camping, and the ukulele.
Debbie Stanley is the founder of ETP Canada, a boutique firm that assists Executors with the administration of an estate, ETP Canada also acts as a Professional Executor for clients.
Debbie’s vision for making the estate process easier for families has been recognized several times. She was awarded the 2017 Rhyze Award by Innovation Guelph recognizing local female entrepreneurs who exemplified ingenuity, passion, and perseverance. In 2019, ETP Canada was awarded the Emerging Business of the year by the Guelph Chamber of Commerce.
Debbie’s passion for helping others shows both in her business and personal life. She is the founding chair of the Guelph Estate Planning Council, the founding member of the Guelph Women’s Leadership Group, a board member of Chalmers Community Services, a board member of Guelph Independent Living, and a committee member for Black Tie Bingo with the Guelph General Hospital.
|Contributors||Debbie Stanley, Jim Kibble|
|Subject Area||Tax Compliance|