Wills

Guardianships and how they work.

  A great blog by Weir Foulds LLP regarding guardianships and how they work:  Protections for adults without capacity: explaining guardians, guardianships, and how they work WeirFoulds' Claire McNevin scrutinizes Ontario's critical legal protections for incapable adults. By Claire McNevin Feb 16, 2022   While societal health has understandably been at [...]

Estate planning hurdles are different for LGBTQ couples. Here’s how:

Written by:  MARIYA POSTELNYAK Amid the countless financial hurdles facing Canadians, estate planning is often low on the priority list. Delaying this process is risky for everyone, but for members of the LGBTQ community, especially couples, the hurdles are more consequential. Federal and provincial laws in Canada don’t treat LGBTQ [...]

Can a Power of Attorney for Property Change a Beneficiary Designation?

written by Jessica J. Butler, Law Clerk at Fasken LLP. Powers of attorney can be an area of confusion for those clients looking to create or update their estate plans. Clients can be uncertain as to what kinds of duties and responsibilities someone appointed under a power of attorney may [...]

Does a spouse automatically inherit everything in Ontario?

If you are legally married to your spouse and have no will in place they are entitled to receive the first $200,000.00 and a portion thereafter depending on how many children you have. If you have no children your spouse will inherit your entire estate. Your personal items will be [...]

2023-02-27T16:08:35-05:00February 27th, 2023|Estates and Estate Planning, Wills|

Passing on without plans in place: What happens to estates when there is no will.

Written By:  NANCY WOODS SPECIAL TO THE GLOBE AND MAIL   It’s always important to have a will. And that’s the case now more than ever. As I recently wrote, there’s been a legal change that will affect the wills of some couples who marry. Here are some scenarios that illustrate [...]

2023-02-17T16:30:45-05:00February 17th, 2023|Estates and Estate Planning, Wills|

A legal change on Jan. 1 will affect couples who marry and their wills.

Written by: NANCY WOODS AND NICK ESTERBAUER SPECIAL TO THE GLOBE AND MAIL   Once upon a time, John Doe married Mary Smith. They eventually had two children, Bobby and Susie. They were married for 20 years, and built a life together. They had a house, two cars and a dog, Rover. [...]

2023-02-17T16:32:07-05:00February 17th, 2023|Estates and Estate Planning, Wills|

What to look for in wills that deal with property in different jurisdictions

Written by: LEAH GOLOB SPECIAL TO THE GLOBE AND MAIL Estate planning can be complicated. Estate planning when people have property in different jurisdictions can be a whole new challenge altogether. For financial advisors, knowing what to look for – and what might be missing – in client wills that [...]

2023-02-15T10:57:35-05:00February 13th, 2023|Estates and Estate Planning, Wills|

Duties of an executor

Some of your routine responsibilities as an Executor are: Arranging for will to be probated; Advertising for and/or notifying creditors and claimants/beneficiaries; Collecting and securing the assets of the estate; Protecting the assets of the estate; Paying the liabilities of the estate and collecting any receivables; Filing final tax returns [...]

2023-02-15T10:52:05-05:00February 10th, 2023|Estates and Estate Planning, Wills|
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