The Rural Voice, 1983-01, Page 19person chosen may be a spouse. member
of the family, friend or in fact a Trust
Company. The basic consideration is
that the person making the will wants an
executor he has faith in and who he feels
will honestly and fairly carry out the
duties of the executor. It is also a great
deal of assistance if the executor is
familiar with the family situation, parti-
cularly if there are children involved.
since the executor will be responsible for
providing for the care, keep, maintenance
and education of the children. I should
mention at this time that it is not a pre-
requisite that the executor be knowledge-
able in income tax affairs or the legal
administration of the estate, since the
executor usually retains an accountant
and a lawyer to act on behalf of the
estate.
The appointment of a Trust Company
as an executor is a very controversial
issue. Some people argue that Trust
Companies have the staff and the
facilities to handle the larger more
complicated estates; they argue that they
are completely impartial and not influ-
enced by personalities within the family;
and further they claim that the Trust
Company will continue to exist as the
years go by if the distribution of estate is
postponed. avoiding the problem of your
executor growing old before the adminis-
tration of the estate is complete.
Many people, however, feel that the
disadvantages of a Trust Company
outweigh their potential advantages.
There is a certain degree of imperson-
ality, a loss of human touch if you prefer.
This, I believe, is obvious if the Trust
Company is holding monies for children.
Some people feel that the decision
making is slower because of the different
managerial levels that it has to be
referred to at the Trust Company and, of
course, the biggest consideration being
that the Trust Companies act as execu-
tors for profit. Depending on the size of
the estate involved, the fees paid to Trust
Companies for work as executors can be
substantial whereas, in many cases,
individuals acting as executors take only
their out-of-pocket expenses as execu-
tors' fees.
This complex subject of Wills &
Estates will be continued in the February
issue of The Rural Voice, covering the
selection of beneficiaries and the pitfalls
of writing your own Will.
What's going on?
Check
Country Calendar page 54
OVERSEAS OPPORTUNITIES
A job with CUSO would offer you more responsibility and challenge than you may
have now. And you'll gain a wealth of new experiences, both personal and
professional. CUSO, Canada's largest, independent international development
organization, has a variety of two-year postings available in agriculture, including:
Agriculturalist
-- to work with small-scale agricultural cooperatives in Mozambique involved in
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perience is required.
Agronomist -- Range Management
-- to take charge of a pasture improvement project -• from preliminary research to
establishment of commercial cropping -- in the South Pacific nation of Papua New
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Many other positions are available. Salaries are not high, but are adequate for
overseas' living costs, with good fringe benefits. Contact the CUSO office in your
area, or write:
Contact the CUSO office in your area or write:
CUSO Agriculture — A7 Program
151 Slater Street
Ottawa, Ontario K 1 P 51-15
cuso
LUCKNOW
SNOWBLOWERS
Available in
single
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60" to 102"
BUILT TO LAST
Manufactured by
HELM WELDING LIMITED
LUCKNOW, ONTARIO, CANADA PHONE (519) 529-7627
THE RURAL VOICE, JANUARY 1983 PG. 19