Why would you want to have an estate plan?
People’s lives are unique and complex. Your relationships might result in legal obligations you may not be aware of, and that is why there is no substitute for a good plan. Clients often ask me… why do you do the “estate plan” portion of the work? Can’t you cut that out and skip to making my […]
No Will… no problem?
When a loved one passes away, it is a difficult time for everybody, but it is especially difficult for those who were appointed estate trustee and who, at the same time as mourning, have to handle the affairs of the estate, pay urgent bills, deal with beneficiaries, try to find the original will, etc. The […]
Thinking about appointing a foreign executor in your will? Think again.
There are many implications of appointing a foreign executor in your will. Here are a few to consider: – A foreign executor poses difficulties to the administration of the estate because sometimes a bond will be required to be posted as security by the foreign executor, which will add to the costs of administration. A […]
What do you give up when you do not have a Will?
A poll executed by CTV News in 2018 reveals that 51% of Canadians do not have a will1. Not having a will means being satisfied the distribution of your assets in accordance with the existing intestate law, and not in accordance with your wishes. Here are the things you give up by not having a […]
Multiple Wills – why use them?
state administration tax is paid on the value of every estate, at the time a Certificate of Appointment (also known as probate) is issued by the court. The value of the estate is calculated as the sum of all assets owned by the deceased at their date of death, excluding certain assets held in joint […]
When you should amend your Will?
A fifth of Canadians over the age of 65 have a Will but it is out of date. What most people might find surprising is that some major life events will affect the appointments made in the will, and even the validity of their will. Here are some im A fifth of Canadians over the […]