A secondary will can be a useful estate planning tool. Having a primary will is essential, but having a secondary will all depends on you as an individual and the types of assets you have.
The Benefits of a Secondary Will: FAQs Read More »
A Power of Attorney is a legal document that gives someone authority to make decisions on your behalf. In Ontario, there are two main types of Power of Attorney: the Power of Attorney for Personal Care and the Power of Attorney for Property.
Power of Attorney in Ontario: do I need one? Read More »
As news of the death of the longest reigning monarch of the United Kingdom, Queen Elizabeth II, spreads across the globe, many began to raise questions regarding the disposition of her massive wealth and assets.
Sometimes the responsibility of being the trustee may fall on you. If you have been named as an estate trustee, or are considering taking on this role, there are a few things you should know.
THE ROLES AND RESPONSIBILITIES OF ESTATE TRUSTEES IN ONTARIO Read More »
Bill and Melinda Gates: A High-Profile Modern Divorce – breaking it down, and lessons learned for your separation agreement
Bill and Melinda Gates: A High-Profile Modern Divorce Read More »
You want your assets to be divided clearly and fairly between family and friends; you need an estate plan, and now is the best time to start.
Why do you need an estate plan? Read More »
Why Hire an Estate Lawyer While online will software might seem attractive due to its lower cost compared to hiring a lawyer, no self-drafted will can measure up to one drafted by a lawyer with years of legal experience. Lawyers know that even small errors or omissions can become extremely costly in the future and
DO I NEED A LAWYER FOR A WILL? Read More »
(Intestate = without a will) Abraham Lincoln- Lawyer, President of the United States Age at the time of death: 56 As the 16th president of the United States and a lawyer, some would be shocked to find out that Abraham Lincoln has not drawn a Will before he died. After his assassination in 1865,
7 CELEBRITIES WHO DIDN’T LEAVE A WILL Read More »
Is there a death tax in Canada? In Canada, there is no inheritance or death tax levied on the beneficiaries; the estate pays any tax that is owed to the government. If you are the beneficiary of money or assets through an estate, you inherit the money tax-free, i.e. the tax has already been paid
Three Things You Need to Know About Taxes At Death Read More »
It’s not clear whether Epstein had a Will, and even if he had one, it probably wouldn’t have made the case any easier.
But, for the rest of us, ordinary people, having a Will is always a good idea.
The Importance of Having a Will – Jeffrey Epstein’s case Read More »
Majority Canadians do not have a will – the most basic estate planning step. They should.
Without a will, you cannot exclude or include the beneficiaries. Your property will be divided according to the law among your spouse, parents, children and siblings, which may be different from how you would have divided it. If you don’t have children, your spouse inherits the entire estate. If you have children, your spouse may
WHY DO YOU NEED A WILL? Read More »
