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-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, June 18, 2003 6:58 AM
To: [email protected]
Subject: Re: My son died intestate and separated with a $500,000
bill
David, there is another answer to this situation that seldom
occurs to people.
The correct answer where an estate is clearly insolvent (more
debts than assets) may be to just back away and do nothing.
Many people seem to think that they have to step in out of some
sense of duty to the deceased. He doesn't care! He is dead! The
estate is for the living and if everything in it will go to the
government, why would anyone want to do their work for them?
I had just such an estate and had a hard time convincing the
client that they had no duty and would subject themselves to
years of stress in return for very modest executor's fees and no
thanks from anyone for doing the job.
Bill Spohn
---------------------------
davidf ingram replies:
Bill Spohn, a lawyer in West Vancouver has responded to the
"intestate" question with another thought which is correct and
more of a gunfighter attack.
I was more worried about the ex-wife. If the husband's business
was incorporated, my thought was that the wife might well be
liable for GST bills form the company.
Bill Spohn's phone number is (604) 926-8681 and his email address
is above.
Co-incidentally, his office is in the same building as mine.
david ingram - [email protected]
108-100 Park Royal South
West Vancouver, BC, CANADA, V7T 1A2
(604) 913-9133 - (604) 913-9123 www.centa.com
Cell is (604) 657-8451 (10 AM to 10 PM seven days a week)
US / CANADA / MEXICO
Working Visa and Income Tax Specialists
Be ALERT, the world needs more "lerts"
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Wednesday, June 18, 2003 6:58 AM
To: [email protected]
Subject: Re: My son died intestate and separated with a $500,000
bill
David, there is another answer to this situation that seldom
occurs to people.
The correct answer where an estate is clearly insolvent (more
debts than assets) may be to just back away and do nothing.
Many people seem to think that they have to step in out of some
sense of duty to the deceased. He doesn't care! He is dead! The
estate is for the living and if everything in it will go to the
government, why would anyone want to do their work for them?
I had just such an estate and had a hard time convincing the
client that they had no duty and would subject themselves to
years of stress in return for very modest executor's fees and no
thanks from anyone for doing the job.
Bill Spohn
---
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