A charity’s pursuit of $400,000 in missing estate funds should remind testators just how important it is to choose the right executor. According to a recent CBC news story, the Heart and Stroke Foundation of Canada has launched a lawsuit to recover funds it claims were misappropriated from the estate
The era of “substantial compliance” is well underway in Ontario. Just over two years after lawmakers at Queen’s Park passed Bill 245, the Accelerating Access to Justice Act – moving the province from a “strict compliance” regime to one of “substantial compliance” – the legal decisions on the topic are beginning
Don’t forget your pooch when planning your estate. Many families regard their pets as full members, but only a small minority reflect this fact in their wills. In one recent case, that testamentary silence helped spur a fight over the future of one-year-old mixed breed puppy Rocco Junior, following the death of
Getting a will can protect your beneficiaries while you’re still alive, as a recent Ontario court case demonstrates. Before he was struck down with dementia, the 85-year-old man at the heart of the matter had named his daughter as his power of attorney for both property and personal care. In addition, he
Testators should document their intentions when they set up joint bank accounts if they want to avoid a future estate battle over the funds. There are good estate planning reasons for owning property jointly with a beneficiary – it can be an effective way to transfer funds while avoiding the 1.5
Estate planning should be a priority for Canada’s growing stepfamily population. With more and more people finding relationship success at the second or third attempt and welcoming their children into fresh unions with married or common-law spouses, it seems as though the modern Canadian family unit has changed beyond recognition over
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