In this engaging discussion, Michelle D. Coleman, a Chartered Professional Accountant and Trust and Estate Practitioner, shares vital insights for executors navigating post-death tax implications. She explains the different tax returns needed after death, including the terminal T1 and estate T3. Listeners learn about the deemed disposition of assets, the tax concerns surrounding personal property, and essential strategies for managing beneficiary expectations. Michelle emphasizes the importance of early planning, clear communication, and building a strong advisory team to ensure smooth estate administration.
