I'm pleased and proud to announce that we've been rated the #1 estate planning law firm in St. John's for the second time! Not bad for a business that has only been open for two years. We opened this office with the goal of providing the best service and information we can at reasonable prices. It feels good to know that we're providing what people want.
Click here to see the three top rated firms.
Congrats. No surprise. You have raised 'the bar'. Wish you had an office in my neck of the woods.
ReplyDeleteHi Lynn
ReplyDeleteIt's been a year now an executor of the estate was appointed last august 2016 and the estate went through a probate, now the estate properties are all sold.
What's the next step still waiting for my inheritance but something seems to be holding things up.
A year is a pretty reasonable time for executors to wind things up, but every estate is different. At least you know that things have been happening such as the sale of the properties.
DeleteIf the executor has gathered in all of the estate assets but still hasn't distributed anything to the beneficiaries, most likely he or she is waiting for the tax clearance certificate. I can see that being pretty important to the executor if there were a few properties to sell, since there will have been capital gains tax to deal with.
Most executors, but not all, will release part of the estate before the clearance certificate is obtained, but they don't have to.
Lynne
Hi Lynne
DeleteJuly 2018 I was sent to document by the first lawyer for about 1500 for his fee and around 3,000 for the executor fee.
I didn't sign the release form and I asked a few questions about the financials as I hadn't received financials to match the bank statement receipts for the High priced items.
this lawyer was quite sick with prostate cancer and passed away his son who runs the law firm sent me an email stating that he could not handle this case and sent it off to some other lawyer in Winnipeg Manitoba.
I just received a release form from them and they want me to pay the executor of the estate $3,930 for his fee and 460. 75 for his mileage.
They want me to pay the first lawyer 2130. 69.
They want me to pay them 690.76.
This is all out of a $30,000 inheritance.
My question is I think that these fees are outrageous what should I do.
OF Interest
ReplyDeleteWEALTH DISTRIBUTION
A worry for the wealthy: keeping cash from children’s ex-spouses
https://www.theglobeandmail.com/globe-investor/globe-wealth/a-worry-for-the-wealthy-keeping-cash-from-their-childrens-ex-spouses/article35941379/
RE Richard--(more from Richard?)
ReplyDeleteLynne,
"this lawyer was quite sick with prostate cancer and passed away his son who runs the law firm sent me an email stating that he could not handle this case and sent it off to some other lawyer in Winnipeg Manitoba." [Richard]
The first Law firm in Winnipeg could not handle the case after the Senior Lawyer passed away. The Junior lawyer (son of the Senior Lawyer) then passed it off on to someone else in Winnipeg.
My question is why did Junior do that and still expect to get paid?
Is Junior not capable? Is there a problem? Is it the client? Does Junior have to 'get off the record first'?
Do we know the real story here? Not likely.
Considering that the Estate is valued at a modest $30,000, 1)the length of time it is taking, 2)the fact that the Executor can keep billing for his lawyer and expenses, 3)Richard's lawyer and expenses , my take is he should probably settle. Lynne, what do you think considering what we know.
Webeye