Estate planning: Don’t wait until it’s too late
There’s no better time than the present to get your estate in order.I’ve heard every excuse in the book from procrastinators who say they’re too young, too old, too poor…
Bring big-city mindset to rural real estate deals
Don’t skimp on your legal due diligence when buying your dream home in the country. Homebuyers have always known that they can get a much bigger bang for their buck the…
POAs are inexpensive but vitally important
A power of attorney is by far the most underrated instrument in the legal world. There are few documents a lawyer can draw up less expensively, and even fewer that end up being more critical in a client’s life.
Eliminate joint-account confusion to avoid estate litigation
Parents could be sowing the seeds of a future estate battle when they set up a joint bank account with a child. There are good estate planning reasons for owning property jointly with a beneficiary – it can be an effective way to transfer funds while avoiding the 1.5 per-cent probate tax otherwise payable on assets in a person’s estate.
Take care when selecting an executor
Administering an estate is no cakewalk, so make sure your choice for executor knows what they’re getting themselves into ahead of time. There is no doubt that the responsibility associated with…
All in the details: Itemize personal property in wills to smooth blended family relations
Testators with blended families need to get detailed when it comes to drafting their wills.Second or even third marriages are no longer the novelty they once were in Canada –…
Automatic revocation of wills not all bad for newly married spouses
The provincial government should think twice before ending the automatic revocation of wills on marriage.The Law Times reports that Attorney General Doug Downey is considering scrapping s. 16 of the…
Money drives people crazy, but a will can take the edge off
In estates law, there is still not doubt why people say, “money is the root of all evil.”I’ve noticed that you never have to wait too long after the death…
Cut paperwork before making virtual wills permanent
Virtual witnessing of wills has been a great innovation for the pandemic, but there is still room for improvement before making it permanent.Since April, emergency regulations prompted by the COVID…
Putting your pet in your will
Providing for a little kitty to go with your pet can help ensure your wishes are met when it comes to their care after your passing.Many families regard their pets…
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