Pitblado lawyers were successful in saving an estate millions of dollars by identifying significant tax issues.
Relatives of the Estate could not agree upon a settlement. Each party had legal representation and Pitblado Partners, Bruce King, Michael Selchen and Nicole Hamilton were retained as independent counsel to the Estate.
After a thorough review, they were able to identify significant tax issues inherent in the estate structure, and if not addressed, would have triggered several million dollars of income tax.
They were able to bring the beneficiaries together and revise the estate structure to alleviate the tax problem, and just received a CRA Clearance Certificate, which allows there to be a final distribution of proceeds.