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.

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|

5 more reasons you need to write a will now

January has come and gone but we’re still going on about the New Year’s resolution that should have been at the top of the list for at least half of Canadians — to write a will. And now that it’s February, it’s time to get on it, preferably before you take that next trip (March [...]

By | 2018-05-30T22:20:15+00:00 February 1st, 2018|

Conditions exist to safeguard interests of purchasers

A booming real estate market last year caused an uptick in offers with no conditions, a phenomenon which can harm buyers, writes Toronto real estate lawyer Lisa Laredo in The Lawyer’s Daily. Last spring, “the market was so hot that vendors were able to sell most properties within a day or two; many above the asking price,” writes [...]

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

Professional advice key when leaving gifts to charity

Testators should seek professional advice before leaving gifts to charity, Toronto wills and estates lawyer Lisa Laredotells AdvocateDaily.com. “Before you do anything, I would recommend consulting a good accountant who understands tax and estate planning, and also to make sure you have a lawyer who can help you carry out your plan,” says Laredo, principal of Laredo Law. [...]

By | 2018-05-30T22:20:15+00:00 January 10th, 2018|

Don’t break this New Year’s resolution: Write a will

With the holidays done and gone, it’s now that time of year — the time to buckle down and get on with fulfilling those New Year’s resolutions. You know the ones where we all resolve to go to the gym every day, lose 10 pounds and maybe even call our mothers more than once a [...]

By | 2018-05-30T22:20:15+00:00 January 9th, 2018|