‘Fill-in-the-blanks’ will kit ends up in court
A Do-it-yourself will may save you some money now, but it will probably cost your beneficiaries later. The problem for testators who go it alone without the benefit of legal…
Boomers lagging on estate planning
Baby Boomers need to get a move on with their estate plans. Investment Executive magazine recently reported on a survey of Boomers that found a stunning 44 per cent of those…
Beware joint ownership risks during estate planning
Testators should know the risks before using joint ownership as an estate planning tool. There are certainly good reasons for owning property jointly with a beneficiary – top among them its…
Will’s disappearance sparks estate litigation
Having gone to the trouble of drafting a will, you don’t want to undo your good work by letting it get lost. If the original version of your will can not…
You’re never too young to make a will
A recent fall in life expectancy rates is a reminder that you’re never too young to make a will. Between 2020 and 2022, the life expectancy of the average North…
Charity accuses executor of misappropriating $400k from estate
A charity’s pursuit of $400,000 in missing estate funds should remind testators just how important it is to choose the right executor. According to a recent CBC news story, the…
Don’t let ‘substantial compliance’ success breed complacency
The era of “substantial compliance” is well underway in Ontario. Just over two years after lawmakers at Queen’s Park passed Bill 245, the Accelerating Access to Justice Act – moving…
Dog’s future in limbo after owner’s death
Don’t forget your pooch when planning your estate. Many families regard their pets as full members, but only a small minority reflect this fact in their wills. In one recent case,…
Court halts POA sale of testamentary gift
Getting a will can protect your beneficiaries while you’re still alive, as a recent Ontario court case demonstrates. Before he was struck down with dementia, the 85-year-old man at the…
Deceased’s common-law spouse wins joint account battle against step-children
Testators should document their intentions when they set up joint bank accounts if they want to avoid a future estate battle over the funds. There are good estate planning reasons for…
