Losing a loved one is a difficult and trying time – the added stress of dealing with the deceased’s affairs is not a welcome task. Unfortunately, this task is made harder when the Will left behind is unclear or significant tax issues not previously known to the family arise. In this case, it is absolutely necessary to obtain competent Estate Law Tax Advice from a tax lawyer.
Milot Law is regularly retained by estate administrators and beneficiaries of estates that need Estate Law Tax Advice. Executors and beneficiaries of an estate can be held liable under subsection 160(1) of the Income Tax Act (Canada) or section 325 of the Excise Tax Act when making distributions from an estate that has an unpaid tax debt.
If you are dealing with an estates issue and need legal advice, please call Milot Law for a free consultation at 416-601-1002.