How to Effectively use Trusts in Estate Planning for Blended Families

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How to Effectively use Trusts in Estate Planning for Blended Families[1] You may recall I previously blogged about Common Pitfalls in Estate Planning for Blended Families. In this blog post, I will discuss considerations when using trusts in estate planning for blended families. Trusts are a useful tool in the blended family context to manage the varying and often competing interests of a surviving spouse and children of a prior….

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Time to Update Your General Power of Attorney for Property

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This blog was written by Sally Lee, LLB – Estate and Trust Consultant with Scotia Wealth Management.  Some readers may ask the question, what’s the difference between a General Power of Attorney for Property (“GPOAP”) versus a Continuing or Enduring Power of Attorney for Property (“CPOAP”)?  To be completely honest, the difference can be life-altering. Recently, I came across a situation where Mrs. X, who executed a general GPOAP appointing….

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Whose Land Is It Anyways? Friends of Toronto Public Cemeteries v. Mount Pleasant Group of Cemeteries

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In a recent decision that pitted a Toronto citizens’ group against cemetery operators, Justice Dunphy found that the cemeteries were publically owned, required public oversight, and were operating beyond the terms of the trust that govern the cemeteries. In 1826, a group sought to buy land to create a non-denominational cemetery to meet the needs of the growing city of York. They petitioned the Legislative Council of Upper Canada and….

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Trusts

Trust Filing Deadlines and Penalties

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With a new year is upon us it is important to keep in mind the various filing deadlines for trusts and estates (a trust). Generally, a trust has to file an annual income tax and information return (T3) if the trust earns income or makes annual distributions. The T3 along with any balance owing and the beneficiary trust information slips are due no later than 90 days after the year-end…..

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Canada Revenue Agency, Executors, Tax Issues

The ‘D’ word we don’t talk about- enough

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Delirium: At this time of year many of us, regardless of age, can get the flu. Unfortunately for seniors, the flu can be particularly dangerous- for a number of reasons – Pneumonia – Dehydration – Greater falls risk with weakness – Body weakness and – Delirium- the topic of today’s blog I had previously written about hospital acquired delirium which I believe merits reposting. “Delirium is one of the 3….

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Elder Care

Coming to an Estates Court Near You?

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When one year ends and a new one begins, it is common to look ahead and make predictions about what may be in store in the coming year. In that vein, the decision of Del Frate J. in S.H. v D.H., ONSC 4506, caught my eye. Although the decision is a family law case, it is likely only a matter of time before we see similar cases in the estates….

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