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.
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…
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 –…
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…
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…
Testators who wish to support loved ones with disabilities after they’re gone should consider a Henson Trust.
Will challenges are not as easy as they look. U.K. news outlet The Independent reported on a study by a life insurance provider that found one in every five Britons, or more than 12 million people, would challenge a family member’s will if they were unhappy with their inheritance.
One estate trustee is quite enough for testators drafting a will. I’ve written before about the importance of picking the right person to administer your estate, and this is one…
There is no such thing as a last-minute deal when it comes to making a will.In fact, the only bonus an estate planning latecomer can expect is an extra dose…
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