Rare POA theft charge highlights potential for abuse
The recent arrest of a Thunder Bay man shows there are limits to the authority granted by a power of attorney for property. The ease and speed with which POAs can…
$1.9-million estate goes unclaimed in B.C.
Normally when I write about a multi-million-dollar estate, it’s in the context of an ugly fight between the beneficiaries of a wealthy person that has made the news or ended…
Court allows son to pay 1985 price for farmland set in mother’s will
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…
Drafting a will may be good for your health
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…
No will + wrong executor = court battle
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…
Don’t let beneficiary designations get lost in the shuffle from RRSP to RRIF
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…
Handwritten will declared invalid by Ontario judge
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…
Ontario falling behind on digital assets legislation
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…
DIY wills fuel spike in UK inheritance disputes
Canadians should take heed after Do-it-yourself wills were blamed for a post-pandemic spike in U.K. will challenges. According to a news report by the London-based Financial Times, a freedom of…
Update your will before travel
Canadians with vacation plans should add an extra item to their pre-travel checklist: update your will. Every winter, millions of Canadians head south to escape the winter weather – some…
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