Updating your relationship status? Update your will while you’re at it if you want your estate to stay out of the courts. Common-law spouses can often be left in a tricky position following the death of their partner – especially if they died without a will – since estates law offers
A power of attorney may be the most valuable legal instrument you’ve never heard of, but a New Brunswick family doctor is hoping to change that. Under provincial legislation, attorneys for property are granted authority over the grantor’s property, including their finances and bank accounts. Meanwhile, attorneys for personal care take
When it comes to your will, clarity is key for those with complex family arrangements. Canadian society has moved well beyond the “nuclear family” ideal. Few people would bat an eyelid these days at loving family units that include adopted or step-siblings, regardless of the gender, married status or number of parents
There is no such thing as strength in numbers when it comes to estate trustees. Considering how challenging the job of executor is, I can understand the logic of a testator who hopes to share the load across a team of people, particularly if they have more than one child of their
Succession planning for small business owners is not a job that can be rushed, but a new survey suggests that many Ontario employers need to get a move on. According to a report by the Northern Policy Institute in partnership with the Ontario Chamber of Commerce and Société Économique de l’Ontario,
Drafting a will is not just about who gets what. One critical decision often overlooked by testators is the appointment of an executor – also known as the estate trustee – the person responsible for administering the estate when the time comes. The role of executor is not an easy one, typically
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