What is a Continuing Power of Attorney for Property?

August 22nd, 2019

A Continuing Power of Attorney for Property is a legal document in which you can appoint a person or persons to act on your behalf (called an “Attorney”) with respect to your property and financial affairs. The document will allow them to make decisions for you if you become incapable of managing your financial affairs. […]

 

Thinking of Getting Married? Maybe You Should Consider …

August 13th, 2019

There is more to marriage than just a party with a DJ and catered food. Getting married is a serious legal undertaking which involves significant financial consequences. I realize that discussing a marriage contract with your spouse can be extremely difficult and may spoil the mood. Marriage contracts are not for everyone – but they […]

 

Avoiding Guardianship Litigation with Carefully Conside …

August 6th, 2019

With Canada’s aging population, there has been an increase in disputes within families about who should be making personal and financial decisions on behalf of incapable members of the family. Many of these disputes could be avoided with properly drafted Powers of Attorney. In Ontario, there are two common Powers of Attorney: 1) a Continuing […]

 

7 Estate Planning Tips For Spouses

July 30th, 2019

Estate planning is inarguably one of the most important things you can do for yourself and your family. Not only can estate planning legally protect your spouse and assets, it can also instruct others on exactly how you would like things handled after your death. Make a Will If you die without a will, the […]

 

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 […]

 

Is Your Will Still Valid After A Recent Ontario Ruling?

October 2nd, 2018

A recent decision stemming from the Ontario Superior Court of Justice is likely to have far-reaching implications on wills across the Province, and your will could be one of them. On September 11, 2018, Justice Sean Dunphy ruled that wills cannot leave the distribution of one’s assets to the discretion of one’s trustees. If it […]

 

When Does an Executor Pass their Accounts?

April 16th, 2018

A passing of accounts is essentially an estate audit.  Much like the CRA can pour over your tax returns with a fine tooth comb, a beneficiary, and later a judge, can review your estate accounting. This is because an executor is required to account for his/her actions to the beneficiaries. However, there is not always […]

 

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 […]

 

Powers of Attorney in Ontario

September 21st, 2016

In Ontario, there are 3 types of Powers of Attorney (POA). This blog will offer a brief discussion of each. Non Continuing Power of Attorney for Property This POA is used in specific situations for a limited length of time. For instance, when an individual leaves the country. The individual outlines the specific tasks their […]

 
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