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
A Do-it-yourself will may save you some money now, but it will probably cost your beneficiaries later. The problem for testators who go it alone without the benefit of legal advice is that they are prone to the kinds of errors and omissions that end up needing litigation to sort
Baby Boomers need to get a move on with their estate plans. Investment Executive magazine recently reported on a survey of Boomers that found a stunning 44 per cent of those who planned to leave an inheritance have yet to get an estate plan in place. With the country’s largest intergenerational transfer
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