Search found 4 matches

by Jill2014
Thu Apr 17, 2014 11:30 am
Forum: Canada / United States Tax & Accounting
Topic: Executor Liability
Replies: 7
Views: 2956

You have been very helpful. I will pass on the info to my friend. Thank you
by Jill2014
Wed Apr 16, 2014 11:49 pm
Forum: Canada / United States Tax & Accounting
Topic: Executor Liability
Replies: 7
Views: 2956

I appreciate the warning. Any idea what it costs someone to have this done now if not too complex? I believe all her assets are in Canada. Owns personal residence and a vacation property joint with Canadian husband, a small RRSP and a bank account. They have rental income from the basement suite.
by Jill2014
Wed Apr 16, 2014 5:42 pm
Forum: Canada / United States Tax & Accounting
Topic: Executor Liability
Replies: 7
Views: 2956

No - I don't consider her disrespectful. I am sure she hasn't even realized it is an issue. I think she is afraid of potential penalties if she comes forward now and probably never considered that the IRS could follow her in to the grave. I wanted to be clear on my position before I tell her. Maybe ...
by Jill2014
Wed Apr 16, 2014 5:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Executor Liability
Replies: 7
Views: 2956

Executor Liability

A friend has asked me to be the designated Executor named in her will. She has dual American/Canadian citizenship; worked in the US till about 1980 and has lived in Canada remainder of her life. She has not filed US Income Taxes since leaving the US. If she had done so my guess is she would not have...