Have you been named as an executor? Here’s what you need to know!
If you have been named as an Executor in someone’s will you have a serious obligation that involves estates, tax, family, real estate and business law. Navigating all these areas of law can be tricky. Here are some issues…
Tools to Minimize Taxes in Estate Planning: Why Using a Will is not Always the Best Option
There are many tools that can be used to minimize the MANY taxes that can impact how much your beneficiaries actually get after your death. For example, Joint Tenancy on Real Property is often used as an estate…
Can I make a Will when I don’t have any family in Canada?
If you live in Canada and hold things like bank accounts, real estate, investments or other valuable property, it is important to have a will. A will allows a trusted friend or relative (the Executor) know how you want…
When it comes to Real Estate, Giving a Gift can be Taxable
During your lifetime, you may have worked hard to save up and buy real estate, and like many people, you one day hope to leave it to your loved ones. Although there is no “gift tax” in Ontario, there are important…
Wills Ensure Your Wishes Are Carried Out
Though many people may be more comfortable going about day-to-day business without thinking of such terrible things as a life-costing accident or illness, the truth of the matter is, such a terrible occurrence is…
5 Clear Reasons Wills Are a Necessity
Wills are a necessity in many more cases than the average person would like to realize. The excuses of being young or not having enough of an estate as to warrant a concern are, unfortunately, not valid arguments…
Goals in Meeting with a Wills Lawyer
Many people tend to hesitate to hire or seek the assistance of a wills lawyer or an estate planner – and for an understandable reason. For one, not many of us relish the idea of thinking of a time when we are gone…
A Wills Lawyer Can Help You Avoid Complications
Estate planning is a much more difficult business than many wish to believe. The thought of planning for one’s own death, or the death of a loved one, is rarely relished. To deal accordingly with the unavoidable, a…
3 Benefits of Legal Trusts
Trusts are legal, financial arrangements made wherein one party, the trustee, holds an asset for another party, the beneficiary. The exact details of any legal trust arrangement can be quite complex; therefore, a qualified…