All About Estates

Month: March 2019

Total 18 Posts

To Spring, or Not to Spring!

Today’s blog is being brought to you by guest blogger, Tracy Parkinson, a law clerk in the Private Client Services group of Fasken LLP. Recently I have noticed that many meeting agendas for group discussions of estates practitioners that I have attended have included some aspect of the challenges, use…

Continue Reading

Disability Tax credits and Bankruptcy

In general, unpaid and to be paid disability tax credits can form part of a bankrupt’s estate in the form of property and income. If they are “property of the bankrupt” within the Bankruptcy and Insolvency Act, (the “BIA”), then they are 100% distributable amongst estate creditors in accordance with…

Continue Reading

Could a “non-human person” ever be a beneficiary of a will?

Today’s blog comes to you from Student-at-Law, Demetre Vasilounis. In 2013, the Government of India’s Ministry of Environment and Forests ignited a discussion in the international legal community by deciding to prohibit dolphinariums as well as any enterprise that involves the import or capture of cetacean species (dolphins, whales, porpoises) for the…

Continue Reading

Will we ever leave Neverland alone?

This blog was written by Aathiya Bala, Associate Estate and Trust Consultant with Scotia Wealth Management “Leaving Neverland” is HBO’s newest documentary that premiered at the Sundance Film Festival on January 25th, 2019. In this documentary, two men, Wade Robson and James Safechuck allege they experienced years of sexual abuse…

Continue Reading

Annulled Charities

Annulment is one of those antiquated words the whispers “convenience” and “pragmatism”.  Failed or incomplete marriage?  Divorce not an option? A Church-granted annulment will set both partners free.  Annulment is also a term in the Income Tax Act that applies to registered charities and registered amateur athletic associations. It’s rarely used, and…

Continue Reading

Passing of Accounts –Made to Measure (Law)Suits

A passing of accounts is the process whereby an estate trustee (or other fiduciary) provides the beneficiaries with a summary of all estate assets, liabilities, and transactions, in a given period. A passing of accounts can be done informally or through a court application. It provides transparency to the beneficiaries…

Continue Reading