Lisa Laredo

About Lisa Laredo

Lisa Laredo is a Toronto-based wills & estates, real estate, and commercial lawyer. At Laredo Law, we have the experience and expertise to create the legal structures that will serve your business now and into the future.

Choose the right executor for your estate

One of the many important decisions you need to make when making a will is choosing an executor for your estate. This is the person who will wind up your affairs. Choosing poorly may not only affect the distribution of your life savings but may also affect your family’s well-being after you are gone. The [...]

By | 2018-11-23T16:15:04+00:00 November 29th, 2018|

When did you last update your will?

If you’ve written a will—congratulations—you are amongst the half of Canadian adults who say they’ve written a will. If you are amongst the other 50% of Canadians, read here to find out why you don’t want to die without one. But here’s a question for everyone who does have a will — is it up-to-date? [...]

By | 2018-11-03T12:53:45+00:00 October 30th, 2018|

Always review a current status certificate before buying a condo

Buying a condo is not the same as buying a house. With a condo, there are a few extra details you should check before signing the deal. A crucial one is the status certificate. Here’s why. One woman we know simply had her lawyer review the status certificate’s summary page before getting the go-ahead to [...]

By | 2018-09-27T20:00:56+00:00 September 30th, 2018|

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 make will-writing fast and easy so maybe you’re asking yourself, how bad can it be? Bad. We knew of a man who decided to save [...]

By | 2018-07-23T22:59:38+00:00 September 1st, 2018|

5 Bad Things That Could Happen if You Die Without a Will

Do you know what happens if you die without a will? Here’s the story of one family who learned the hard way. In this family, the grandmother (who had a will) died. While the estate was being settled, her adult daughter died, leaving behind three children in their early 20s. When the daughter died, her [...]

By | 2018-07-28T15:14:44+00:00 July 30th, 2018|

Do You Need a Life Insurance Trust?

Answering the question of whether you need a life insurance trust first requires an explanation of what it is. A life insurance trust is a trust established by the settlor to deal with the life insurance proceeds that are payable upon his or her death. It ensures that the money from a life insurance claim [...]

By | 2018-07-03T14:30:42+00:00 July 3rd, 2018|

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 what happens to you and your property, and who gets to make those decisions. In a previous post, we looked at the reasons for needing [...]

By | 2018-05-31T00:37:09+00:00 May 31st, 2018|

Reasons to write a Power of Attorney for personal care

A Power of Attorney (POA) for personal care is a legal document that gives someone you trust the right to make medical decisions on your behalf, if and when you are no longer mentally or physically capable of making decisions on your own. It’s one of the three most important documents everyone should have (the [...]

By | 2018-07-08T21:36:24+00:00 May 16th, 2018|

Insurance trusts control timing, use of funds upon death

An insurance trust is a good mechanism for controlling the use and timing of life insurance proceeds following the death of the insured, Toronto wills and estates lawyer Lisa Laredo tells AdvocateDaily.com. Establishing an insurance trust in your will directs life insurance proceeds to be paid to a trustee who then receives and administers the funds to a beneficiary, [...]

By | 2018-05-30T22:20:15+00:00 April 24th, 2018|

Buying a house with a tenant? Here’s what you need to know

For many homeowners, renting out the basement or other areas of their home is an attractive idea. After all, having a tenant helps cover mortgage costs, making the purchase easier to afford. In exchange, all you (hopefully) have to do is fix the occasional leaky faucet. But having a tenant in a single-family home can [...]

By | 2018-05-30T22:20:15+00:00 April 2nd, 2018|