When it comes to powers of attorney, many hands often make heavy work, especially when siblings are involved. Considering the immense responsibility that comes with an appointment under a POA, I can understand why grantors are tempted to share the duties among several of their children. And while it is
Testamentary ambiguity can arise at any time. In an ideal world, we would all make our wills on the day we die, so that every one of the choices we make about our assets, beneficiaries and executors would still make perfect sense when the time comes for the document to
Don’t let the power (of attorney) go to your head. Unless they’re in the business of wills and estates, appointees under a power of attorney for property are often surprised by the extraordinary level of control this simple document gives them over the grantor. Under Ontario’s Substitute Decisions Act, an
An Alberta widow has scored a big win for taxpayers and estate planners across the country after fighting off a claim by the Canada Revenue Agency against her deceased husband’s RRSP. According to a CBC story on the case, the woman had already taken possession of the $102,000 account after
Nothing stirs up old sibling rivalries like the death of a parent. In my line of work, it’s not uncommon to see brothers and sisters in their 50s and 60s revert to their childhood selves, as arguments over a mother or father’s money, prized possessions and funeral service are supercharged
Breach your marital duties and you could end up in trouble with your spouse, but breach your fiduciary duties under a power of attorney and a court could get involved. For many married couples, their spouse is the obvious choice for appointment as their POA for property, considering the extraordinary
