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|

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|

New legislation proposes to increase protection for new homebuyers

Although the Ontario new home warranties plan has been in effect for more than 40 years, it has given rise to persistent complaints of an appearance of conflict of interest — and the government now plans to split its two functions, Toronto real estate lawyer Lisa Laredo writes in The Lawyer’s Daily.   To read more please follow [...]

By | 2018-05-30T22:20:15+00:00 November 4th, 2017|

What happens when you die without a will

A will is one of the three most important documents every person should have (the other two being a Power of Attorney for Property and a Power of Attorney for Personal Care). And yet, almost half of Canadians don’t have one. Dying without a will is the safest way to ensure that you have absolutely [...]

By | 2018-05-30T22:20:15+00:00 October 1st, 2017|

Getting legal documents in order gives seniors peace of mind

With an aging population, it’s important to get your legal documents in order — and the earlier, the better, says Toronto wills and estates lawyer Lisa Laredo. For the first time in history, statistics show that seniors comprise a bigger share of Canada’s population than children, she tells AdvocateDaily.com. To read the full article please go to http://www.advocatedaily.com/lisa-laredo-getting-legal-documents-in-order-gives-seniors-peace-of-mind.html

By | 2018-05-30T22:20:15+00:00 September 22nd, 2017|

Speculation tax more political than practical

The Ontario government's recently announced policy changes won’t have a significant impact on the real estate market. Non-resident speculation tax The government’s 15 per cent tax on the purchase price of all property in the Greater Toronto Area by non-residents of Canada is intended to curb the influx of foreign money into the market, which some believe [...]

By | 2018-05-30T22:20:15+00:00 August 22nd, 2017|

Commercial real estate buys trickier than residential property

Buying commercial real estate differs significantly from personal property purchases, so it’s vital that entrepreneurs seek legal advice early, Toronto real estate lawyer Lisa Laredo tells AdvocateDaily.com. For the full article please go to http://www.advocatedaily.com/lisa-laredo-commercial-real-estate-buys-trickier-than-residential-property.html

By | 2018-05-30T22:20:15+00:00 August 8th, 2017|

Everything you need to know about naming a POA

Everything you need to know about naming a POA * This article does not replace legal advice and is meant to be for information purposes only. Please consult us or any other legally trained professional when navigating the complexities around writing a POA. Two of the three most important documents every person should have are [...]

By | 2018-05-30T22:20:15+00:00 August 8th, 2017|

Executor’s role is no small job: Laredo

The role of an executor is to quarterback the assets of the deceased and it’s no small job, says Toronto lawyer, Lisa Laredo. But there is a prescribed process to follow to fulfil that obligation and ensuring the executor is prepared for the task ahead is as important as making the decision on who to [...]

By | 2018-05-30T22:20:16+00:00 June 9th, 2017|