In Ontario. Initial payout has been paid to beneficiaries. Income tax for the year has been filed and returned.
While the deceased was alive, a class action lawsuit was pending for a group of homeowners. One payment has been paid to the homeowners. 3 more payments are to come over the next 3 years.
Do these payments affect filing for clearance certificate? Executor would like to file for clearance, keep the estate account open for the lawsuit payments, then split the payments between the beneficiaries as they come in.
While the deceased was alive, a class action lawsuit was pending for a group of homeowners. One payment has been paid to the homeowners. 3 more payments are to come over the next 3 years.
Do these payments affect filing for clearance certificate? Executor would like to file for clearance, keep the estate account open for the lawsuit payments, then split the payments between the beneficiaries as they come in.
