Fall 2010

Benefits of Having A Survey

Posted in Concepts Newsletter, Fall 2010

Benefits of Having A Survey

A survey is a two-part report prepared by a qualified Ontario Land Surveyor pursuant to the Surveys Act (Ontario) bearing the seal of the surveyor. It consists of a plan showing the features of the land, such as buildings, fences, and natural features, and a written report (often endorsed on the plan) indicating any encroachments or other problems revealed by the surveying process. One should bear in mind that a survey represents the property at a specific point in time, namely the date of preparation shown on the survey. Any feature shown on a survey could change or be eliminated immediately...

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Applying for Probate: A Taxing Affair

Posted in Concepts Newsletter, Fall 2010

Applying for Probate: A Taxing Affair

The Certificate of Appointment of Estate Trustee (the “Certificate”) (formerly Letters Probate) is required by some third parties dealing with the executors and trustees in order to confirm the date of death and the executors’ and trustees’ authority to act. It is issued in both cases where there is  or is not a will. Before the Court issues a Certificate, the estate administration tax (EAT) must be paid. In Ontario, it is currently set by regulation at $5 per thousand for the first $50,000 in the estate’s value and $15 per thousand for all value over $50,000....

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