Estate planning info session

Wednesday, Feb. 3 at the Comox Legion

  • Jan. 18, 2016 8:00 p.m.

Most executors, when asked if they would ever take that task on again, answer with a resounding “no.”

Although honoured when first appointed executor, many quickly realize they lack the knowledge to properly administer an estate.

Most Canadians are either named as executor in a will or have a will of their own in which they have named an executor.

As executor, certain duties must be performed, within a certain timeframe and in a specific order. Vehicle ownership must be transferred, terminal tax returns filed, taxes paid (including the possibility of capital gains tax), property transferred, accounts closed and accurate records kept. The average estate in Canada takes 18 months to settle. Even a little planning by the testator (writer of the will) now can make a big difference to the executor later.

“Executors need to complete a complicated task they may have never done—or did once, 20 years ago. They are required to find and gather specific documentation, know who to contact and where the government offices are, pay for numerous fees…for many, it is daunting,” says Dennis Richardson, seminar presenter and Canada Purple Shield representative.

“That’s why we are pleased to be able to provide this important information; information that can save families unnecessary headaches and estate settlement cost.  I think what Toneff Funeral Services is doing to educate and empower the public is very commendable.”

Eric Toneff, owner of Toneff Funeral Services, is enthusiastic about the seminar’s content.

“It is important for the average person to walk away from the seminar with some real understanding and tangible steps they can take to make their executor’s job easier.

“That’s exactly what these seminars provide, and they are presented in simple English so even the most ‘rookie’ testator or executor will benefit.”

Everyone is invited to attend.

Topics include an understanding of the executor’s responsibilities along with a realistic expectation of costs and timelines, time-saving and money-saving tips, concerns of joint ownership, definition of probate, capital gains tax overview, funeral pre-planning information as well as cremation options.

The Living Well – Leaving Well Seminar will be presented on Wednesday, Feb. 3 at 1:30 p.m., at the Comox Legion, Main Hall; entrance on Comox Ave.

Reserve a seat by contacting Toneff Funeral Services at 250-338-4463.

 

Just Posted

Inside the music

Big Read: step behind the curtain at the venerable Vancouver Island Music Festival

Pride Society of the Comox Valley set to kick off week-long celebration

The organization is celebrating Pride Week with a variety of events to bring the community together.

Cannabis facility planned in Courtenay

Design up to 100,000 square feet

Major private donation to Kus-kus-sum project

Frank and Bobbi Denton, longtime residents of the Comox Valley, have donated… Continue reading

CONTEST: Win a pair of tickets to Sunfest Country Music Festival

Make sure to Like the Comox Valley Record’s Facebook page

BC Games: Day 1 comes to an end

Medals have already been handed out following one day of competition in the 2018 BC Summer Games

Bob Castle’s Under the Glacier cartoon for July 19, 2018

Bob Castle’s Under the Glacier cartoon for July 19, 2018… Continue reading

Open water swimming from B.C. to Washington in 24 hours

The swim will take a full day, meaning Susan Simmons will be swimming in the black of night

Cigarette packs with graphic images, blunt warnings are effective: focus groups

Warnings considered effective flag ailments smoking can cause, like colorectal and stomach cancers

Canada’s title hopes quashed at Rugby Sevens World Cup in San Francisco

On the men’s side, Canada was eliminated in the round of 16 as they were shut out by Argentina 28-0

‘We are doing the right thing:’ Protesters dig in at anti-pipeline camp

B.C. Supreme Court ruled in March that both the camp and a nearby watch house could remain in place

Astronaut drops in on Kraftwerk gig, plays duet from space

Alexander Gerst becomes an astronaut musician with live performance from International Space Station

Blaney hopes to see seniors ministry

Government creates federal department for seniors

BC Wildfire update on Okanagan blazes

Watch the media briefing on the current fire situation in the Okanagan.

Most Read