Anyone who has been shopping for groceries has had a recent reminder of the powerful effect of inflation. The purchasing power of your money falls as the years pass, which means that the same amount of money buys you fewer tomatoes, eggs and loaves of bread as time goes by.
Making a will could be good for your mental health. A recent survey found almost half of people who made wills felt “peaceful” after completing the process, while others reported a boost to their feelings of confidence and empowerment. I can understand why people procrastinate when it comes to putting
People who die without a will could be sowing the seeds of a wasteful court battle over their estate, as the family of an Ontario man recently discovered. When Bernold Summers – the deceased in a recent case concerning his estate – died without drafting a will, he gave up
Updating your beneficiary designations can keep your estate out of the courts after you’re gone. Beneficiary designations on RRSPs, life insurance policies and Tax-Free Savings Accounts and other assets are rarely the first things that come to mind when people think of an estate plan, but they are often among
Just because the law allows for a testator to hand-write their own will does not make it a good idea, as a recent court decision shows. Like laws in other jurisdictions, Ontario’s Succession Law Reform Act has long provided for the recognition of unwitnessed documents known as Holograph Wills. However,
Ontario is playing catch-up as other Canadian jurisdictions lead the way on digital assets legislation. More and more of our lives are being lived online, but many testators are still prone to forgetting this new class of property when drafting a will. For the friends and family left behind, it
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