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 [...]
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 [...]
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. [...]
Stakeholders call for multi-factor ID verification to protect against real-estate fraud Written by: Nicole Brockbank, Farrah Merali, John Lancaster · CBC News When Stephanie logged online to pay her monthly bills last year she noticed something strange. The mortgage she shared with her husband, Derrick, had disappeared from the home screen of her Canadian bank [...]
Four changes to Ontario’s estate planning laws advisors and their clients need to consider. Written by: KIMBERLY WHALEY AND BRYAN GILMARTIN SPECIAL TO THE GLOBE AND MAIL PUBLISHED FEBRUARY 9, 2022 Several important legal changes came into effect in 2022 for estate planning in Ontario that have an impact on how wills [...]
Follow some of these easy steps to start your estate planning today: Gather your financial information: Gather all of your financial information, including bank accounts, investments, and property. Choose your beneficiaries: Decide who you want to receive your assets after you pass away. Select an executor: Choose someone you trust [...]
An article written by Claire Wilson. As B.C. homebuyers continue to navigate the real estate market in an inflationary environment marked by rate hikes and volatility, finding a good mortgage rate is an essential part of the homebuying process. There are two main options for buyers when looking for an [...]
A Will is an important legal document that allows a person to determine what happens to their assets and possessions once they pass away. It allows a person to designate who will receive their property and other assets, as well as who will be responsible for administering their estate and [...]
1.Understand the different types of estate planning documents: Having an understanding of the different types of estate planning documents, such as wills, trusts, powers of attorney, and advance healthcare directives, is essential. Knowing which documents are necessary and what they do will help you make informed decisions when it [...]
An estate is a legal concept used to refer to the total property owned by an individual at the time of their death. Depending on the jurisdiction, an estate may include the real estate, personal property, financial assets, and debts and other liabilities. Estates are generally managed and distributed by [...]
