June 2023

How Much Should You Leave To Your Children And When?

• • 0 Comments

This week, I had a great opportunity to sit down with Andy Jeffery, Vice President, Family Office Advisory, at Northwood Family Office,[1] to discuss a question frequently raised by clients; “How much should I leave my children and when?” Below we distill our discussion into five questions, providing you with both of our perspectives, being that of a family office advisor and an estate planner. Do clients seek guidance in….

How Much Should You Leave To Your Children And When? Continue Reading »

Estate Planning, Trusts

Estate Planning and the Indian Act

• • 0 Comments

This Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management   Estate planners and administrators must consider a variety of factors when assisting clients. We often speak about tax planning, insurance, and considerations for different types of assets including jurisdiction. We speak about residency for tax purposes, citizenship and typically ask where prospective executors or beneficiaries reside. Several blog posts over the past year have examined….

Estate Planning and the Indian Act Continue Reading »

Uncategorized

The Cy-Près Doctrine: When Good Intentions Count For Something

• • 0 Comments

The cy-près doctrine It is common practice to leave a gift to a charity in your will. However, the charity that the testator wished to support may not have been named properly in the will (leading to confusion about who was supposed to benefit from the funds), or may have ceased to exist by the time the testator died. Where a testator intended to benefit a charity, the courts have….

The Cy-Près Doctrine: When Good Intentions Count For Something Continue Reading »

Charitable Giving, Estate Administration, Estate Donations, Estate Litigation, Estate Planning, Executors, Philanthropy/Charitable Giving, Trustee, Trusts, Wills

The Loneliness & Social Isolation Crisis – Critical Planning Considerations

• • 0 Comments
Some red game markers stand apart from one brown one.

The US Surgeon General made public health headlines in May, declaring that loneliness and social isolation carry the same critical health risks as smoking, obesity, and the opioid crisis. Isolation and loneliness are linked to declining mental health, such as higher rates of depression, anxiety, and suicidal thoughts. Physical health is affected to, with a 50% increased risk of developing dementia, a 59% increased risk of functional decline, and a….

The Loneliness & Social Isolation Crisis – Critical Planning Considerations Continue Reading »

Elder Management, Geriatric Care Management, Smart Ageing

Lack of Financial Disclosure Comes at a Significant Financial Cost

• • 0 Comments

Today’s Blog Post was written by Gabrielle Arbic-Lloyd, Student-at-Law at Fasken LLP In February, the Ontario Court of Appeal ordered one spouse to pay the other more than one million dollars in costs in addition to spousal and child support. So what motivated the Court to order this spouse to pay so much in costs? The answer lies in lack of financial disclosure and bad behaviour. Financial disclosure is one….

Lack of Financial Disclosure Comes at a Significant Financial Cost Continue Reading »

Costs, Courts, Credibility, Family Conflict, Separation, Spouse

POWERS OF ATTORNEY FOR CARE – THE SOFTER SIDE OF ESTATE PLANNING

• • 0 Comments

This Blog was written by Emily Racine, Estate and Trust Consultant with Scotia Wealth Management  Many of my estate planning conversations revolve around what I call the “hard topics” – such as, how do I save on taxes? Should I avoid probate? Do my children need a trust? However, one of the most important decisions you can make as part of your estate plan is who is going to take….

POWERS OF ATTORNEY FOR CARE – THE SOFTER SIDE OF ESTATE PLANNING Continue Reading »

Uncategorized
Scroll to Top