The Original Will Has Been Misplaced or Destroyed – W …

December 4th, 2018

We have recently looked at the validity of a Will, when the uncertainty of the testator’s wishes are apparent. Especially in the instance whereby the testator has more than one Will. –  However, the definition of the modern day family has somewhat evolved over the years, allowing for the recognition of diversity and the complex […]

 

Legal Grounds For Will Challenges

May 16th, 2018

The loss of a loved one can be a devastating and overwhelming experience. While mourning a loss, you may find yourself scrambling to ensure that all of your family’s affairs are in order, especially if you are listed as an Executor, Administrator, or Trustee of an Estate or Trust for the deceased. However, many individuals […]

 

Ontario Legislature seeks to Amend Insurance Act

October 11th, 2017

Bill 162, introduced in the Ontario Legislature on October 3, 2017, will amend section 115 of the Insurance Act to allow life insurance policyholders to sell their policy so long as they meet certain requirements under the Act. Previously, only licensed insurers or their authorized agents could sell life insurance policies. The proposed rules allow […]

 

Own a Business? Know the Importance of Dual Wills

March 6th, 2014

Preparing dual wills is a useful estate planning tool for business owners and offers the estate significant savings with respect to probate fees. When administering an estate, the first step is often to apply for a Certificate of Appointment of Estate Trustee (a process commonly referred to as probate). In making this application, the executor/estate […]

 

Estate Planning – Should you add your child on title …

December 6th, 2013

When it comes to estate planning, minimizing taxes payable by an estate is an overriding concern, which includes usual expenses to plan for such as probate fees. Probate fees are calculated as follows: $5 for each $1,000 or part thereof of the first $50,000 of the value of the estate; and $15 for each $1,000 […]

 

Estate Planning: 5 tips to ensure you’re on the right …

July 15th, 2013

There comes a point in your life when you realize that your hard work has produced something tangible and worth protecting and estate planning is the key. Often coined the “cornerstone” of your estate plan, carefully drafted wills and powers of attorney are the first step to estate planning. It is important, however, to remain […]

 

Congratulations you’re an executor….now what?

January 16th, 2013

Being named an estate trustee (or executor) feels like a great honour, particularly for the “first-timer”. Ask someone who has acted as an estate trustee what the experience was like and you will quickly learn that there is a great deal of responsibility and work involved. Estate trustees have a broad range of responsibilities, including: […]

 

Guardianship decisions – no “minor” matter!

October 30th, 2012

Preparing a Will is something many put off as something we all know we should do, but something we really just don’t want to think about right now. Planning for what happens after one’s death can, understandably, be thought of as morbid and unnatural – if nothing else, downright uncomfortable. Add to that the consideration […]

 

Will kits – a small price now but an expensive disast …

September 11th, 2012

The basic objective of having a Will is to ensure that your wishes are clear regarding who is responsible for your estate and who benefits from your estate. So why gamble with Will kits that offer a one-size-fits-all form? Many may answer “it’s cheap”. This is a point that I cannot dispute. Indeed, the forms […]

 
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