January 2017 – Page 3 – All About Estates

Mutual Wills versus Reciprocal Wills

Brittany Sud • January 13, 2017 • 0 Comments

In the Ontario Superior Court decision, Lavoie and Trudel, 2016 ONSC 4141 (“Lavoie and Trudel”), the court was tasked with determining the validity of a will made on December 5, 2007 (the “2007 Will”) by the deceased, Lucien Trudel (“Lucien”), following his wife, Madeleine Denis’ (“Madeleine”) death. Among the issues concerning the validity of the 2007 Will was whether the wills made on March 30, 1983 (the “1983 Wills”) by….

Mutual Wills versus Reciprocal Wills Continue Reading »

Estate Planning, Wills

Welcome to the new All About Estates!

Justin de Vries • January 11, 2017 • 4 Comments

Welcome to the brand new All About Estate’s website! With a new president and a new year, we decided we needed a new look. We have vamped up the website with pictures and a modern aesthetic. Our bloggers have not changed and we will continue to provide you with a variety of voices and topics of interest to the estate, trust and elder care world. Guest bloggers will also drop….

Welcome to the new All About Estates! Continue Reading »

In the News

CPP Death Benefit

Derek de Gannes • January 10, 2017

Whether a CPP/QPP death benefit is to be taxed in the hands of the beneficiary or in the hands of the estate is determined by the terms of the will.
….

CPP Death Benefit Continue Reading »

Canada Revenue Agency, Executors, Tax Issues, Wills

Until Death Do Us Part- or until we need provincially funded care in a LTC

Audrey Miller • January 9, 2017

Until Death Do Us Part- or until we need provincially funded care in a Long Term Care Facility. After 70 years of marriage Norman and Mae are told by our government that in order to get the care they need, they need to live separately…..

Until Death Do Us Part- or until we need provincially funded care in a LTC Continue Reading »

Caregiving, Elder Care, In the News

MULTIPLE WILLS: PART 3

Darren Lund • January 6, 2017

In this installment of my blogs on multiple wills (for probate planning) I will focus on the important issue of defining the assets that will be governed by the Primary and Secondary Wills. As in my prior blogs, I will use the term “Primary Will” to refer to the will that is intended to be probated and “Secondary Will” to refer to the will that is not intended to be probated…..

MULTIPLE WILLS: PART 3 Continue Reading »

Estate Planning, Wills

The Estate Donation Loop

Malcolm Burrows • January 5, 2017

It is one year after the new estate donation rules were introduced and the practical implementations are beginning to emerge. With the post-2016 rules, a twist arises when the residue of the estate is split between charity and individual beneficiaries. This scenario creates a gift that keeps giving. A gift by will, which is a type of estate donation, is now a gift of the estate. Legally the gift occurs….

The Estate Donation Loop Continue Reading »

Estate Administration, Estate Donations, Estate Planning