Succession planning a must for lawyers
Lawyers need to practice what they preach and implement a succession plan that kicks in when they are no longer willing or able to continue in the profession. Sole and…
New trust reporting rules on their way
Trusts are getting more transparent. Since 2018, the Federal government has been planning to chip away at the privacy of a wide variety of trust types. Legislation originally slated to…
Canada’s common-law couple boom calls for estates action
Canada’s common-law couple boom must be matched by a wave of new estate plans if spouses want to be protected when their partners die. Over the last few decades, common-law…
Big changes, small impact as probate process overhauled
Applying for probate in Ontario has just become a little simpler, but it’s still not an attractive prospect for estate trustees. The provincial government recently announced changes to the Rules…
Sentimental value trumps financial worth in some estate battles
In my many years of estates law practice, I’ve seen families fall apart over inheritances large and small.But every now and then, an ugly estate fight breaks out over items…
Complex estates may call for a corporate executor
Testators with complex or contentious estates should think about appointing a corporateexecutor. Trust companies are certainly a more expensive option: you can expect them to charge a fee ofas much…
Mailbox real estate offers flatter to deceive
Think twice before responding to a mailbox offer for your home. If you’ve ever received one of these unsolicited bids, which often come in the form of handwritten notes decorated…
Bill C-208 boosts family business succession planning
Keeping your small business in the family just got a lot more attractive after the passage of recent tax law amendments. Bill C-208, one of the rare private member’s bills…
Estate planning for NFTs and other digital assets
You know that a tech trend has gone mainstream when it makes it onto Saturday Night Live. Earlier this year, the long-running comedy show tackled non-fungible tokens via the medium…
Blended families add complexity to estate planning
Keeping your beneficiary designations up to date can save your heirs time and money. Although they’re often forgotten by testators, the beneficiary designations on things like RRSPs, life insurance policies…
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