Building on its US success, EstateExec releases first version for estates of Canadians
Santa Clara, Nov 2, 2020 (Issuewire.com) - EstateExec, the leading online software for estate executors, today announced support for Canadian estates, building on its success in the US. EstateExec simplifies the job of estate executors, now providing financial accounting and automated guidance tailored to reflect Canadian provincial statute and CRA regulation.
Every year, roughly 3 million people die in the US and Canada, and even more this year due to the COVID-19 pandemic. For every person that dies, the law requires that his or her estate be settled by an executor, usually a family member who has never done it before. The process is complex and burdensome, usually taking hundreds of hours. EstateExec aims to bring that process forward from the 19th to the 21st century, simplifying it and making it easier for the average consumer.
"EstateExec represents a quantum leap forward for the average executor," says Dan White, President of Ontario's TaxAudit Solutions. "We originally contacted EstateExec because we were impressed with the US version, and are very happy to be able to use and recommend the Canadian version to our clients."
EstateExec tailors executor guidance to a particular estate based on local statute, providing recommendations on probate application, creditor notification, CRA tax clearance, family entitlements, executor compensation, and more. More than just guidance, however, EstateExec also provides an automated financial framework to track estate inventory, administration expenses, heir distributions, deemed disposition, cost basis, and more.
"I was immediately impressed with its ease of use, record keeping and other capabilities," said Thomas Riordan, a federally appointed judge in Canada for more than 29 years. "It will definitely make your work easier."
"While our US version has been well received," said Dan Stickel, Founder and CEO of EstateExec, "it was no small task to adapt our software to work in all 13 Canadian provinces and territories. We decided to build a Canadian version because we kept getting contacted by consumers and legal professionals who loved the core capabilities of our US version, but really wanted one specifically for Canada. We are excited today to finally be able to improve the lives of Canadian executors."
EstateExec offers a free 10-day trial for new customers and costs CA$129 for a five-year subscription (an expense that can be written off to the estate). To switch between US and CA versions, simply click the flag icon in the top right.
This article was originally published by IssueWire. Read the original article here.