One in Ten: Why Bequest Donors Don’t Inform Charities

• • 6 Comments

One in ten.  That, according to charitable sector studies, is how many estate donors inform the charities in their will of their intentions.  While this ratio varies by charity it underscores a fascinating paradox.  Bequest donors trust charities enough to make them beneficiaries of their estate, but they don’t trust them enough to tell them in advance. The Paradox This paradox is frustrating for charities.  Charities spend a lot of….

One in Ten: Why Bequest Donors Don’t Inform Charities Continue Reading »

Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Uncategorized

Court of Appeal for Ontario Dismisses Moot Guardianship Appeal

• • 1 Comment

In Hernandez v. Hernandez, 2021 ONSC 106, the Court of Appeal for Ontario considered the issue of whether litigation involving the personal care of a person is rendered moot after that person dies. In 2017, Cheri Hernandez commenced an application seeking an order terminating the authority of her brother, Norman Hernandez, to act as the guardian of personal care of their mother, Anna Hernandez. Cheri’s application was dismissed in 2019….

Court of Appeal for Ontario Dismisses Moot Guardianship Appeal Continue Reading »

Guardianship

Lifetime Benefit Trusts

• • 0 Comments

A lifetime benefit trust (LBT) is a personal, testamentary trust for beneficiaries that are financially dependent due to mental infirmity. Most people are aware that the taxable income inclusion of a RRSP on death can be avoided by rolling it over to a spouse. If the circumstances are appropriate, the same can be done by rolling the RRSP in an LBT and purchase a qualifying annuity under the relevant clauses….

Lifetime Benefit Trusts Continue Reading »

Uncategorized

Mom Loved You More

• • 0 Comments

My fellow blogger recently wrote about family meetings and estate planning.  There has been much written on the importance of power of attorney documents, who gets named, their responsibility and conflicts that have arisen as a result thereof. While the focus of most disputes has to do with money and the Power of Attorney for Property, my interest lies with the disputes that occur on the care side and with the….

Mom Loved You More Continue Reading »

Caregiving, Elder Care

Significant Changes to Estate Rules May Come!

• • 1 Comment

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

Power of Attorney for Property: The other sign of the coin

• • 1 Comment

This Blog was written by Suzanna Walter, Estate and Trust Consultant with Scotia Wealth Management In my previous blog, Road Testing your Incapacity Plan, I reviewed incapacity planning from the point of view of the Grantor (the person appointing the attorney) in the Continuing Power of Attorney for Property (CPA). Now, I want to look at CPA from the other side of the coin; namely from the point of view….

Power of Attorney for Property: The other sign of the coin Continue Reading »

Power of Attorney, Uncategorized
Scroll to Top