A Financial Opportunity To Kick-Start Your Summer; Family Income Splitting Loans At A New, Low Prescribed Rate

This post was contributed to by Corina Weigl, Maureen Berry, Kathryn Walker, and Tamar Silverbrook, of Fasken. If you have a family member who is in a lower tax bracket than yourself, an upcoming change in the Canada Revenue Agency’s (“CRA”) prescribed interest rate will create a financial opportunity.  Effective July 1st, 2020, the prescribed interest rate will drop to 1% , increasing the tax advantages available through the utilization….

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Uncategorized

From e-Wills to Blockchain Estates

This blog was written by Isabelle Cadotte – Estate and Trust Consultant with Scotia Wealth Management One of the silver linings of the pandemic has been our collective rethinking of how we work and our willingness to embrace technology that helps us stay connected and work smarter. From remotely sworn affidavits, to virtual courtrooms and e-filings, courts across the country are embracing the opportunity to modernize their processes and increase….

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Contracts, Courts, Estate Planning, In the News, Uncategorized, Wills

Listing in a Time of COVID

Regular court operations and limitation periods/statutory deadlines continue to be suspended in Ontario due to COVID-19 (as discussed further in my previous blog). However, this does not mean that litigation is somehow frozen or that deadlines in previous court orders do not apply. One party learned this painful lesson in Lima v. Ventura (Estate of), 2020 ONSC 3278. The facts in this case are depressingly common in Toronto. A deceased….

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Estate Administration and Probate Applications, Estate Litigation, Wills

12 Commandments For Seniors……

I drove to Montreal this weekend to see my mother and she said that she had something for my blog.  So for alittle lightness, I am sharing a quarantine exchange that hopefully takes your mind off of COVID…. 1. Talk to yourself. There are times you need expert advice. 2. “In Style” are the clothes that still fit. 3. You don’t need anger management. You need people to stop making….

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Caregiving

Clients’ Reign And The Associated Difficulties In Drafting Their Inter Vivos Trusts

Imagine being retained to draft an inter vivos trust for the queen, Cersei Lannister, of Game of Thrones.  Cercei is a protective mother dedicated to maintaining power for herself and her family, which dedication includes succession planning for her power and wealth.  Cercei’s instructions may include drafting the trust so that she retains as much control as possible.  Cercei likely is unaware that pushing the control button too far can….

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Trusts
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