August 2020

The last day of August……

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Labour Day used to  symbolize an end of summer holidays,  return to school for young people and back to work routine for most employers/employees.  However this year due to Covid 19, things are alittle more fluid or perhaps I should say- unknown and unsettled.  I thought I would take this opportunity to share some information from the www.ontariocaregiver.ca which addresses “Covid-19 Impact on Family Caregivers in the Workplace: Action Steps….

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Caregiving

Multiple Wills Across Civil and Common-Law Systems; Estate Planning That Provides An Advantage To Clients Who Hold Assets In Ontario And Quebec

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If structuring an estate plan across different Canadian jurisdictions didn’t raise enough considerations for an estate planner, add a different legal system to the mix, namely, Quebec’s civil law.  This post focuses on the estate-planning advantages available to clients who hold assets both in Ontario and Quebec, specifically the advantage of probate planning using multiple wills. Quebec Wills In contrast to Ontario, which has four types of wills under Ontario’s….

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Estate Administration, Estate Administration and Probate Applications, Estate Planning, Executors, Probate Tax, Wills

Survivorship Clauses in the Will

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This Blog was written by: Gali Gelbart, Estate and Trust Consultant, Scotia Wealth Management  Survivorship clauses help ensure that the testator’s intentions are carried out, namely by preventing a gift under the will from falling into the beneficiary’s estate and incurring higher administration costs.  By specifying a minimum survival period in the will, the gift can instead pass directly to any contingent beneficiaries if the original named beneficiary has passed….

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Wills

Occupation Rent Will Get You Every Time

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Most adults are familiar with the concept of “rent”: it’s the money you owe every month after signing a lease with a landlord. Related but distinct from “rent” is “occupation rent” – rent’s frequently sought, but little understood, younger cousin who can still pack a punch. Occupation rent fills the void where there is no lease agreement or where a landlord-tenant relationship does not exist. Occupation rent can be sought….

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Estate Administration, Estate Litigation, Estate Planning, Family Conflict, Joint Tenancy, Real Estate

Friday August 21, 2020 was World Senior Citizen’s Day. So What?

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World Senior Citizen’s Day was originally founded by former president Ronald Regan in 1988. The goal of this day is to remind  various governments of its “ commitment to support senior citizens of the country”.  Well, I don’t think we have done very well… Dr. Samir Sinha wrote an article for Toronto Life, titled “ The post-pandemic future: We will stop warehousing older people in care homes”  and highlighted  a….

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In the News

“Unmasking” the Issues Facing Family Businesses

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This post was contributed to by Maureen Berry and Demetre Vasilounis of Fasken. If there is one thing that 2020 has taught us, it is that the world as we know it is capable of changing overnight. While the COVID-19 pandemic has had immeasurable impacts on our economy, our interactions with our loved ones, and our way of life, it has perhaps served an important role in that it has reminded….

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