Bill C-208 boosts family business succession planning
Keeping your small business in the family just got a lot more attractive after the passage of recent tax law amendments. Bill C-208, one of the rare private member’s bills…
Sibling executors revive old rivalries
There’s nothing like the death of a parent to connect adults with their inner child. While some siblings come closer together in their shared grief, I find that that they’re…
Preparing your executor for the job
Not everyone is cut out to be the executor for an estate, so it’s best to make sure your choice knows what they’re letting themselves in for ahead of time.…
Estate planning for NFTs and other digital assets
You know that a tech trend has gone mainstream when it makes it onto Saturday Night Live. Earlier this year, the long-running comedy show tackled non-fungible tokens via the medium…
Green funeral options on the rise
Eco-conscious testators who want to take advantage of some of the techniques favoured by the developing green burial sector should include their funeral wishes as part of their estate plan. …
Zombie deeds: Scarily risky estate planning tool
A pair of legal decisions have left “zombie” deeds hovering – appropriately enough – between life and death. The deed gets its spooky name from the manner of the property…
Account for reproductive material when drafting a will
Stored genetic material is as close as most of us will get to a priceless asset, so it’s critical you account for it in your will. Whether they’re in committed…
Blended families add complexity to estate planning
Keeping your beneficiary designations up to date can save your heirs time and money. Although they’re often forgotten by testators, the beneficiary designations on things like RRSPs, life insurance policies…
Boomers unsure beneficiaries can handle their inheritance
Baby Boomers who are worried about how heirs will handle their inheritance have options when it comes to estate planning. With the country’s largest intergenerational transfer already underway – around…
When two wills are better than one
Two wills are sometimes better than one. Since the late 1990s, testators in Ontario have been able to divide their property between two wills: one for assets that require probate,…
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