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I spoke with our american accountant. He is American, on his brothers will as executor in England. Both attorney and accountant advised to leave my name on my mom's accounts and house with right to survivorship. There is no other family. We were going to put my canadian cousin on her will as executo...

ok, will do, just hope this doesn't create a hassel with no other family here.

just wanted to make sure. My mom is real nervous about taking me off her accounts and being just her. Personally this makes me nervous too, Any ideas?

Hello Nelsona, We are back to this subject again. My mother is changing her will to her Canadian resident neice to be estate trustee/executor and me (her only daughter) to inherit her assets. (bank accounts and home only) She is taking my name off the bank accounts, in her name only. The canadian la...

steve: I cashed in the policy June, 2009. received $2200 cdn.I received the T5. No taxes were withheld, but I have to pay CRA tax on $1695. Insurance company told me to send them a check for $377 (22.2% tax) and they will file to CRA on my behalf and send me something to cancel out T5. I spoke to a ...

I just found out a T5 cannot be filed by a non-resident to CRA, the agency sent me a Canadian resident slip, as they used my mothers canadian address. They need to send me a NR4 tax slip for non-residents to file with CRA. are you there today? I received no reply? this is a real mess especially when...

Nelsona: I talked to you about this previously. I live in US, but in the summer of 2009 I cashed out a $2500 life insurance policy, when I visited my mom in Canada and gave her the money. You said when I received the tax slip there was nothing to report to Canada. The life insurance company made out...

she bought the house maybe 5 years ago. She was with my step dad but she didn't want his name on house. So she put me and her on the house, main reason was when he passed he didn't want his kids coming to get what they could get. especially her house. He passed away Dec. 30 and we have to re-do the ...

I heard from an American estate law attorney. He said, no 3520 is necessary as this is a "will" document, NOT a "trust" document. As under Canada law, the US law is that if I am on the accounts and home ownership documents (which I am) I am co-owner and if she specifies on those ...

Can you tell me, if you were me. How should I be named or how should a Canadian will be written, so it is acceptable in USA without problems? What do they call me in the will? just executor/beneficary or what? I don't know the difference in any of these, aren't they all the same meaning? I promise I...

from various sources: The will is not even an active document until my mom dies. I don't even have to know about it. Before she dies its a dormant document waiting to become active when she dies. She could change it ten times. Its not relevant to anything until she dies. I am future executor of moth...

what is RRSP? I will let you know what US accountant, US lawyer and Canadian lawyer says. This may take some time. Thanks again. Carol

I didn't check with the lawyer that drew up will. I went to "justanswer.com" a canada law firm. Its just new wording. In what country are you located? We are not talking about millions of dollars here, just a little money and a little house with no other family, I still don't understand wh...

Nelsona; I just found out from Canadian law firm that the term "estate trustee" is the same as executor/beneficier. It new terminology. According the them everything should be ok, except they suggested my mom write a letter to the bank and specify that I am to inherit the money and no one ...

Nelsona , what is the difference as to whom the resident of Canada is on the will, when I am still the one inheriting everything. I still have to get it to the usa? It states on the will I am a non-resident. I don't get it, please explain in detail if possible. How does having a canadian resident on...