Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Showing posts with label legal fees. Show all posts
Showing posts with label legal fees. Show all posts
Friday, May 11, 2012
Judge says feuding siblings can pay their own lawyers if they want to keep fighting over the estate
Posted by
Lynne Butler, BA LLB
I found this story to be one of those car wrecks where I couldn't look away, even though I knew what I was about to see was going to be ugly. It's the story of a father who left 75 million dollars to sons who couldn't get along. Five years after the father's death, the sons are still fighting over the estate and the legal bills are over five million dollars. The legal fees were being paid out of the estate until a judge got sick of these feuding siblings and told them they'd have to pay their own lawyers if they wanted to keep fighting (well done judge, I'm with you on that one). Click here to read this story, which applies to all of us even if our estates don't amount to 75 million. The story and the attached photo are from http://www.capitalmagazine.ca/.
Friday, November 12, 2010
Tax deductible legal fees on an estate?
Posted by
Lynne Butler, BA LLB
The legal fees paid to settle an estate are usually not tax-deductible, but read this article from All About Estates to find out when they might be tax-deductible. For a tax article, it's very readable!
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