Aborted real estate deals can cost buyers

Backing out of a real estate deal is a risky business for prospective homebuyers, especially in a volatile market. Real estate brokerage Zoocasa recently predicted a return to good times in 2020 for the Canadian market – at least on the selling side – with prices and sales expected to grow significantly over the next [...]

By |2020-04-01T17:43:48+00:00April 1st, 2020|

Don’t rush in to property co-ownership

Think long and hard before partnering up with a friend to buy a house.In a real estate market as crazy as the Toronto’s – the average price of a house hit $838,000 at the end of 2019, up 12 per cent on the previous year – it’s no wonder younger people are looking for alternative [...]

By |2020-03-02T20:52:13+00:00March 2nd, 2020|

Don’t forget digital assets in estate plan

Testators should maintain a list of their digital assets and passwords to ease the worries of their surviving relatives, says Toronto wills and estates lawyer Lisa Laredo. Laredo, principal of Laredo Law, says digital assets — including social media profiles, email accounts, loyalty points, and online banking — have become just as important to many [...]

By |2019-11-29T23:01:41+00:00November 29th, 2019|

Make-A-Will-Month a great excuse to get estate in order

November is the Ontario Bar Association’s (OBA) Make-a-Will Month, and Toronto wills and estates lawyer Lisa Laredo says there’s no better time to act for those without an estate plan, no matter their age.  Laredo, principal of Laredo Law, says people can take control of the way their assets will be distributed after death [...]

By |2019-11-29T17:22:05+00:00November 11th, 2019|

Don’t have a will? Now’s the time to write one

More than half of Canadians don’t have a will, and if you’re in that majority, it’s time to prioritize creating this vital document. In honour of November being Make a Will month, we want to help you understand why you need a will, and what happens if you die without one. What is a [...]

By |2019-11-07T16:23:29+00:00November 7th, 2019|

Rights to the matrimonial home upon death of a spouse

It’s important to understand who will have rights to the matrimonial home following the death of a spouse when drafting your will, says Toronto wills and estates lawyer Lisa Laredo. Section 18 (1) of the Family Law Act (FLA) defines the matrimonial home as, “Every property in which a person has an interest and that [...]

By |2019-11-29T17:23:59+00:00October 2nd, 2019|

I’m the executor, but not a family member, and it’s getting awkward

Have you been named the executor but your not a family member?  Being executor of an estate can be a tough job. After all, you are required to gather all of the estate assets, pay the person’s debts and divide what remains of their estate amongst their beneficiaries. It can be challenging, overwhelming, time-consuming and [...]

By |2019-09-03T18:03:54+00:00June 25th, 2019|

Trigger Alert: Life changes mean you need to change your will

You’ve written a will — great! But when was the last time you reviewed it? If you don’t know the answer to that question, then it’s probably time to do so because a will is not something that you can simply set and forget.  Certain life events should naturally trigger a will review. Life and [...]

By |2019-09-03T15:12:43+00:00June 11th, 2019|

What do I do now? I didn’t know I was an executor!

Rule number one when writing your will: always ask your chosen executor before appointing them if they’re willing to take on the task. If you don’t, that person may get a surprise phone call informing them of such after your death. If you’ve recently found yourself at the receiving end of that surprise call, we [...]

By |2019-09-03T18:04:12+00:00May 21st, 2019|

Moms, take care of your family. Draft your will.

Many say that moms hold the family together. They love their kids unconditionally, often take them wherever they need to go and always, always know where everything is whenever someone needs it. Being a mom is a lifelong job. And mothers give up a lot for it — sleep, peace and quiet, clean cars and [...]

By |2019-09-03T15:13:42+00:00May 7th, 2019|