This post was written by Diana Leopardi Consider this question: would you carry an umbrella on a sunny day? A Mandate in the event of incapacity is like carrying an umbrella on a sunny day, with no intention of using it but grateful to have the umbrella in the event it starts to rain. Think of your umbrella as your Mandate in the event of incapacity; you will be sheltered….
Autonomy, Choice and Control Continue Reading »
UncategorizedThis Blog was written by: Kristie Smith, Estate and Trust Consultant, Scotia Wealth Management Last week marked the 104th anniversary of death of Saginaw, Michigan lumber baron – and, evidently, eccentric millionaire – Wellington Burt, but only the 12th anniversary of the settlement and distribution of his estate. His is a story of second families, family feuds, philanthropy, spite, legal challenges. His story is chronicled in some detail in various….
The Goose that Laid the Golden Egg Continue Reading »
UncategorizedThis blog was written by: Craig Coulson, Senior Trust Officer Many professional estate administrators emphasize the emotional toll and time-consuming steps that are reduced or eliminated when a corporate executor is named in one’s will. Sometimes, beneficiaries may be unhappy with corporate executor fees, perhaps thinking if only they were appointed, they would save the estate the cost of administration. What is not frequently mentioned is how the appointment of….
Professional Advice is Key: Part 2 Pipeline Planning Continue Reading »
UncategorizedThis blog was written by: Craig Coulson, Senior Trust Officer Many professional estate administrators emphasize the emotional toll and time-consuming steps that are reduced or eliminated when a corporate executor is named in one’s will. Sometimes, beneficiaries may be unhappy with corporate executor fees, perhaps thinking if only they were appointed, they would save the estate the cost of administration. What is not frequently mentioned, is how the appointment of….
This Blog was written by: Gali Gelbart, Estate and Trust Consultant, Scotia Wealth Management I recently was part of a cross-Canada presentation hosted by the Estate Planning Council of Canada on the role of spouses in estate matters. I was particularly struck by how different the provincial regimes are, highlighting the importance of getting estate planning advice from local specialists in your jurisdiction. Marital and family status has always been….
Who is the Spouse? Continue Reading »
UncategorizedThis Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management The British royal family has been in the news frequently over the past 18 months: from the deaths of Prince Philip and Queen Elizabeth II to the crowning of King Charles and the release of Prince Harry’s tell-all book “Spare.” Royal families around the world have vast wealth, ranging from investment portfolios, real estate, yachts, artwork,….
Royalty and World-Wide Assets Continue Reading »
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