Estate law changes on the way
Big changes could be on the way for Ontario’s estate laws if the provincial government gets its way. The Ford administration recently introduced Bill 245 the Accelerating Access to Justice Act at Queen’s Park.
Small estate changes a small step in the right direction
Probate just got a little easier for some small estates. The provincial government recently announced that it would raise the limit for those considered “small estates” from $50,000 to $150,000. "Right now,…
Improving reverse mortgage products a good option for seniors
Reverse mortgages are growing in popularity as the quality of the products available improves. Better Dwelling, a news outlet covering the housing market, reports that reverse mortgage debt has spiked in…
Clear wording can stop a will challenge
Clarity is critical when it comes to drafting a will. Beneficiaries don’t always agree on what particular words or phrases in a will mean – Ontario’s Superior Court hears will challenge…
MLS misrepresentation can be costly
Think carefully about what goes in your MLS listing, because you could be held to it. The real estate listing is up there with the Agreement of Purchase and Sale in terms of importance, and buyers are entitled to rely on its contents.
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The differences between a deposit and down payment
When buying a home, the standard real estate contract will always require a deposit. The contract may then go on to provide for a further payment of cash, which, together…
5 Reasons You Need a Power of Attorney for Property
Power of Attorney (POA) documents are incredibly important. Without them, should you no longer be mentally or physically capable of making decisions on your own, the courts and/or governments determine…
The Perils of Do-It-Yourself Wills
Have you ever thought about using an online service to write a will instead of hiring a lawyer to draft one for you? After all, dozens of websites offer to…
Lawyer review critical for newbuild condos deals
Take advantage of the cooling off period to avoid getting burned on a newbuild condo deal. Brand new condo purchases hold a unique status in Ontario’s real estate world, carrying…
12 Reasons to get a Will and Power of Attorney
On the first day of Christmas, your favourite lawyer gave to you 12 reasons to get a Will and POA: It’s never been easier: During the pandemic, Wills can even…
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