February 2019

Choosing an Appropriate Age for Young Beneficiaries to Inherit

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This Blog was written by: Daniel Watts, Estate and Trust Consultant, Scotiatrust   A very common issue that arises in estate planning, especially when the clients have young children, is deciding when an appropriate age is for the children to receive their inheritance. Prior to this age, the inheritance will be held in trust for the beneficiary, and may be used for their benefit (e.g. paying for university tuition). In….

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Family Conflict

To Remove or Not to Remove… That is the Question (with apologies to the bard)

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Estates tell a million stories and the case of Ford v Mazman, 2019 ONSC 542, is just one of them. Mary died on April 3, 2017. Mary’s 2004 Will named her two nieces, Laura and Carleen, as sole beneficiaries. Mary appointed her close friend, Seta, as her estate trustee/executor. Laura had travelled to Ontario from BC to spend two weeks with Mary while she was in hospital. Shortly after Laura….

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Estate Administration, Estate Litigation, Executors, Family Conflict, Wills

The New Dope- For Seniors and It’s Legal

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Psst, what do you know about….. Mary Jane, Jay, Doobie, Weed, Pot, Grass, Dope, Ganja,Herb, Aunt Mary, Skunk, Boom, Roach…… about cannabis? Despite many in the population having used (medical) marijuana for a number of years to soothe a variety of conditions from migraines to anxiety to cancer, recently legal cannabis usage has brought about significant changes in both attitude and access. When marijuana became legal in Canada in October….

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Uncategorized

Seriously Delinquent: The IRS Can Have Your Passport Seized for Not Paying Taxes

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Guest written by Demetre Vasilounis, Student-at-Law For those with assets in, or some other connection to, the United States, it is important to take note of the fact that the country’s Internal Revenue Service (IRS) has gained one more tool to enforce tax liabilities on taxpayers. That tool is the power to revoke, limit or deny the issuance of a U.S. passport. U.S. Congress first enacted this controversial power on….

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