Another reminder about beneficiary designations – Simard v Hall

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Today’s blog has been written by Yvonne Mazurak, associate at Fasken LLP I’ll admit it–I love watching holiday movies. And the more predictable, the better. I recently watched one that hit many of the expected tropes: the main character returns to their hometown from the “big city” to reconnect with an aging parent, who they have been estranged from since the death of their other parent (and–of course–in the process….

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Saying goodbye

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This blog was written by Teresa Acs Saying goodbye.  When the blog you are writing is called All About Estates, you might think this is a goodbye to a dear loved one and, in many ways, you would be right.  I am retiring at the end of the year after more than 35 years in the Estate and Trust industry.  Retiring brings excitement and joy in the possibilities and I….

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Lost in Translation: Clients Who Do Not Speak English

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Canada is one of the most culturally diverse countries in the world. Ontario is amongst its most diverse provinces. As globalization continues, Ontario’s lawyers will undoubtedly encounter a continued increase in client diversity. What are a lawyer’s responsibilities when faced with potential clients who do not speak either of Canada’s official languages? How should civil litigators deal with potential clients who want to move forward with establishing a relationship despite….

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SALE OF PERSONAL RESIDENCE AFTER DEATH

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Can an estate claim a loss for tax purposes if the estate sells the property for less than what it was valued for at time of death? Hard to imagine such circumstances in this current real estate environment but in the unlikely event it does occur, what are the rules?The Income Tax Act (“ITA”) deems a person to have disposed of their principal residence for proceeds equal to its fair….

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Canada Revenue Agency, Cottage, Estate Administration, Estate Planning, Executors, Investments, Property, Real Estate, Tax Issues, Uncategorized

Happy Monday

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Yesterday was the first night of Chanukah and it was welcomed along with the first real, ground covering snow fall. Today the sun is shining and I am hopeful that all of the lovely white stuff, that is no longer white today, will melt away. I baked holiday cookies yesterday and had a wonderful family dinner eating too many latkes. For many of us, traditions are a good thing; they….

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Elder Care

Software Applications as Aids to the Estates Advisor

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Software Applications as Aids to the Estates Advisor For all of us advisors, there are likely certain types of software applications that we use for our day-to-day tasks: perhaps its Microsoft Outlook for sending emails, or a timekeeping software for recording dockets. And although these programs are leaps and bounds beyond what our advisor ancestors could have imagined for themselves a hundred years ago, as we head deeper into the….

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Estate Administration, Estate Administration and Probate Applications, Estate Planning, Executors, Fiduciary Professions, Passing Of Trustees’ and Executors’ Accounts, Trustee, Wills
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