estate planning Tag

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Knowledge and Approval To establish testamentary capacity, the testator must have both knowledge and approval of the contents of his or her will. Approval suggests voluntariness. However, it is possible to have capacity that is not subject to undue influence, and yet still be unaware of...

When a person passes away in the Province of Ontario, the Estate Administration Tax, also known as probate tax, is charged to his or her estate. The estate executors, also called estate trustees, are responsible for paying the probate tax out of the funds of...