Estate Organizer for Business Owners in Ontario

What business owners should know

• Business interests are often the hardest thing for an executor to find, and the most costly to leave unattended.
• Record companies, partnerships and shares under Business Interests, with a contact person for each.
• Use the note on each record to say who to call first and where the key agreements are kept.
• Keep business loans under Debts & Liabilities, so the whole picture is in one place.
• You may deposit a will or codicil for safekeeping with a Superior Court registrar. During your lifetime it can be deposited by you, someone you authorize in writing, certain lawyers or representatives holding wills, a trust corporation representative, or someone authorized by court order. The affidavit of execution may be deposited at the same time. Source: Estates Act, R.S.O. 1990, c. E.21, s. 2; Rules of Civil Procedure, R.R.O. 1990, Reg. 194, r. 74.02(1)-(7.2).