Appointing multiple trustees can add up to trouble

One estate trustee is quite enough for testators drafting a will. I’ve written before about the importance of picking the right person to administer your estate, and this is one area where there is no strength in numbers. Considering what a tough job the estate trustee has, I can understand why an individual may be [...]

By |2020-07-30T06:16:19+00:00July 30th, 2020|

Don’t leave your will to the last minute

There is no such thing as a last-minute deal when it comes to making a will. In fact, the only bonus an estate planning latecomer can expect is an extra dose of heartache and hassle for themselves and their loved ones. More than half of Canadians are reported to have no will at all [...]

By |2020-07-23T19:37:42+00:00July 23rd, 2020|

Don’t forget your digital assets when drafting a will

Much of our lives are lived online these days, but people still forget their digital assets when it comes to estate planning. A BMO Wealth Institute survey on the subject found members of the Baby Boomer generation generally recognized the importance of digital assets and access to them after death. Yet even among this [...]

By |2020-07-09T16:48:52+00:00July 9th, 2020|

DIY spells disaster when it comes to wills

Do-it-yourself wills almost always end up costing more in the long run than they save in the moment.CTV News recently reported on a surge of interest in estate planning as a result of the COVID-19 crisis, which has given us all a sobering reminder about our own mortality.And while that development is welcome – getting [...]

By |2020-06-08T16:55:01+00:00June 8th, 2020|

Get a will to reduce your family’s stress

Having a will in place gives your surviving relatives some much needed certainty during a period of emotional and financial volatility. The Canadian Press recently reported that more than half of Canadians do not have a will. Should the worst happen to them, those people could be leaving their loved ones in a very [...]

By |2020-04-28T21:27:10+00:00April 28th, 2020|

No better time than the present to make a will

Whether you’re old or young, rich or poor, now is the time to make a will.That’s truer than ever in light of the current pandemic we are all facing, and according to this Canadian Press story reporting on a spike in interest in estate planning, many people have been spurred into action as a result.While [...]

By |2020-04-30T17:53:43+00:00April 22nd, 2020|

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 into 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 |2020-05-06T21:47:09+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|