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Discovery of estate assets and liabilities
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Take steps to ensure continuance of operations of any ongoing business affairs of the deceased, arranging for interim management if necessary.
Prepare a detailed inventory of the deceased’s assets and liabilities, including cash, securities, jewelry, real estate and other valuables such as contents of safety deposit boxes.
Notify all relevant financial institutions about the death and obtain statements about cash balances on deposit and loans outstanding.
Locate all insurance policies and notify insurers about the death.
Apply for Canada Pension Plan benefits.
Review insurance coverage on real estate, automobiles and other estate assets. Increase insurance where necessary.
Have the estate lawyer search the title to all real estate in which the deceased had an interest.
Determine whether to make a contribution to the deceased’s RRSP within 60 days of the year of death. This matter may require advise from a tax consultant .
Determine the value of any additional real estate, such as cottage property, farm, commercial, or investment property. Check leases, mortgages and taxes. Provide for continuing management and insurance of investment properties.




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