We prepare for marriage, child birth however many of us seem to have difficulty planning for older age. Let’s hope we all get there!….
Preparing for all of life’s transitions with equal fervour Continue Reading »
Elder Care, Estate Planning, Funeral PlanningMy colleague, Audrey Miller, recently blogged about the trend in adult children looking for someone to live with their elderly parent in exchange for free rent (albeit the living arrangement may require light caregiving). In her blog, Ms. Miller highlighted the costs associated with care provided by care agencies, and commented that it may be worth pursuing care arrangements where students live with the elderly. Just how practical is this….
Until recently, an individual selling his or her “principal residence” did not have to report anything on their tax return for the year of disposition. This is about to change…..
There is no place like home – time to report it! Continue Reading »
Canada Revenue Agency, Cottage, Executors, Real Estate, Tax Issues, TrusteeA colleague of mine previously blogged about the importance of taking care of business so that you don’t leave a mess for your family and the courts, using the late famous musician, Prince, as an example for failing to plan for death. Since Prince’s passing in April 2016, no will has surfaced and the legal issues have continued to emerge, the latest, among them, being the interplay between probate and….
“Failing to Plan is Planning to Fail” Continue Reading »
Estate PlanningNothing like a family dinner to remind us how complicated families can be. Any family members no longer speaking? If you live in a different city than your parents or haven’t spent time with them for a while, the time spent together during the holiday can allow you to see how well they are managing. Be aware of the small things and things that are different…..
Please Pass The Gravy Continue Reading »
Disability, Elder Care, Family Conflict, Geriatric Care ManagementIn a recent court of appeal decision, the court upheld the trial judge’s costs award and reiterated the deference allotted to trial judges when exercising discretion to fix costs. In Prelorentzos v. Havaris, the court dismissed the appellant’s appeal. At trial, the appellant was found to be the deceased’s common law spouse and was awarded $30,000 from his estate. However, the trial judge was frustrated with the lack of disclosure….
Court of Appeal Confirms New Approach to Costs in Estate Litigation Continue Reading »
Contested wills, Wills