As the calendar flips into 2022, I am sure many of us will be thinking – where did 2021 go? Without an active social life to distract me, why are my own affairs not in order? And, of course, what are my New Year’s resolutions for 2022? The end of the year is typically a time when people reflect – on family relationships, friend relationships, the 2021 resolutions that did….
Reflections …. And Resolutions Continue Reading »
Estate Planning, UncategorizedToday’s blog was written by Sandra Arsenault, Law Clerk at Fasken LLP “Change is the only constant” – Heraclitus. How is it possible that in one of the most traditional areas of law we are about to see even more big changes come into effect? Just as we get used to virtual witnessing, digital signatures, email service of documents, small estates certificates and e-filing, the Rules are literally changing again…..
Surprise…More Big Changes Coming to Estate Administration Continue Reading »
Estate Administration, Estate Administration and Probate Applications, Uncategorized
Whether it be a lakeside summer home, a small log cabin in the woods, a ski chalet, or a country retreat, a family cottage can be the source of wonderful memories and an important part of family life. However, it can also become a source of stress and disagreement if not dealt with properly in the estate-planning process. Planning for the family cottage can be challenging, in part because clients….
The Family Cottage: Fostering Friendship or Fuelling Foes? Continue Reading »
UncategorizedTypical advice to an executor would outline his or her duties, explain how to go about completing them, and then would end with a statement something along the lines of “and then your job as an executor will be complete”. And we all know that the role of an executor can be a complicated and drawn-out affair. Today’s blog is about an interesting situation that I recently came across where….
And then there was more… Continue Reading »
Estate Administration, ExecutorsDistributions from the estate of a Canadian resident to a non-resident can give rise to additional compliance obligations under section 116 of the Income Tax Act where the estate owns Canadian real estate. The need for such a clearance certificate is determined based on the value of real estate held by the estate in relation to the total residual value of the estate. Given the current boom in the Canadian….
Today’s blog is being brought to you by our guest bloggers, David Rosenbaum and Anna Chen On February 16, 2021, Bill 245 Accelerating Access to Justice Act, 2021 (“Bill 245”) was introduced by the Ontario legislature. Bill 245 passed Second Reading on March 2, 2021.[1] If passed, Schedules 8 and 9 of Bill 245 will make significant changes to the Substitute Decisions Act, 1992 (the “SDA”) and the Succession….
Significant Changes to Estate Rules May Come! Continue Reading »
Uncategorized