It’s that time of year when we are once again reminded of how quickly time flies. The start of school signals the end of yet another summer. And it doesn’t just signal the onset of shorter days and colder weather, but it also reminds us that soon we will be celebrating the start of a new year. With that often comes the realization that many of those items on our….
As (More and More) Time Goes By… Continue Reading »
Estate PlanningThis blog was written by Paula Lester – Estate and Trust Consultant with Scotia Wealth Management When the four executors of Leona Helmsley’s $5 billion estate asked for payment of $100 million for their services, it was touted as being astronomical by the challenging Attorney General. Still, Manhattan Surrogate’s Court Judge Nora Anderson recently ruled to allow the fees, which, although admittedly enormous, were considered justified based on the complexity….
The $100 Million Executor Fee: Unexpected but not Unreasonable Continue Reading »
Compensation, Estate Administration, Executors, In the News, United StatesIt is well known that Ontario testators enjoy the freedom to distribute their estates as they wish (provided their statutory obligations are met); however, the recent case of RBC v. Scarborough, 2019 ONSC 3369, reminds readers to be cognizant of the impact of debts and liabilities upon those who may stand to benefit from an estate, as well as the ramifications of taking steps to deal with one’s estate in….
Fraudulent Conveyances and Your Estate Continue Reading »
Estate Administration, Estate Litigation, Estate Planning, Executors, Joint Tenancy, Loans, Wills
I recently read an article written by Thomas Junkin, David Cieslowski and Vincent Tonietto, all with Fiduciary Trust Canada and published in their Summer 2019 issue of Perspective. The topic was entitled “Stickhandling Sudden Wealth”. In it, the authors discuss the unique investment and estate planning challenges facing younger clients who are suddenly wealthy. While the context of their discussion is professional hockey players, their messages resonate equally with other….
The Weight of (Sudden) Wealth Continue Reading »
UncategorizedThis blog was written by Hardeep Nandra I am sharing a story of one of my close friends. This friend (Let’s call this person Kay for keeping their identity confidential) of mine is an honest person, good workout buddy, a great father and husband. He would always have a great smile and a positive outlook on life. I have been friends with him since I moved to Edmonton. We usually met….
Estate Plan = Peace of Mind Continue Reading »
Estate Planning, Uncategorized
Readers in Ontario are likely familiar with Elizabeth Tracy Mae Wettlaufer, a former registered nurse, who confessed to murdering eight senior citizens and attempting to murder six others in southwestern Ontario long term care (LTC) homes between 2007 and 2016. Following her criminal conviction, the province of Ontario established a Public Inquiry into the Safety and Security of Residents in the Long-term Care Homes System led by Justice Eileen Gillese…..
Homicide in Ontario LTC Homes Continue Reading »
Elder Care, Elder Law, Geriatric Care Management, Guardianship, Healthcare, In the News