Tainting The Spousal Trust?

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Corporately-owned life insurance is viewed as a key strategic option in tax and estate planning, notably for business owners.  There are several strategic reasons to consider corporately-owned insurance as part of the estate plan, such as equalization among the beneficiaries of their estate or to fund the taxes triggered on death. Essentially, corporate life insurance plays a role in the wealth preservation plan. Another goal of wealth planning is to….

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Estate Planning, Insurance, Trusts

Burials in Rural Ontario – Make Sure You Plan for Interment Rights

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A view over an old stone fence into a cemetary, framed by an abundance of trees in full leaf.

As planners working with elderly clients and their families, we encourage people to plan their lives until the end of life and document their wishes for the care of their body after death. People often express their wish to return to a rural community for burial. However, since the COVID pandemic, it is surprising how much has changed in small-town cemeteries across Ontario. Be sure to also plan for interment….

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Elder Management, Executors, Funeral Planning, Wills

Should AI Draft Your Will?

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Today’s Blog was written by Courtney Lanthier, Law Clerk at Fasken LLP Can it? Probably. Should it? Probably not. While the use of Artificial Intelligence (“AI”) seems to be a rising trend these days, it’s important to note that even though it has certain capabilities, that doesn’t mean it should be used for everything. Specifically, drafting Wills – at least not yet. It may seem like a quick solution to….

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Estate Planning, In the News, Wills

Record Keeping as an Attorney for Property

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In Ventura v Ventura, 2022 ONSC 6351 (“Ventura”), the Court dealt with a number of issues relating to the duties and obligations of attorneys for property. In Ventura, “A”, “L”, and “E” were appointed as joint attorneys for property and personal care of their mother, “M”. In 2012, M was diagnosed with dementia. Around the same time, A sold his home and moved himself and his family into M’s home…..

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Attorney Compensation, POA Compensation, Power of Attorney, Powers Of Attorney and Guardianship Disputes

Ontario Residents with Quebec assets

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Today’s blog was written by Douglas Buchmayer, partner with the Ottawa office of Gowling WLG (Canada) LLP A common issue facing estate planning practitioners in Eastern Ontario is the Ontario resident client owning Quebec assets, often the family cottage, which need to be dealt with in a Will. Where a couple (or either of them) owns assets in Quebec it generally makes sense to have distinct Quebec Wills dealing with….

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Estate Administration and Probate Applications, Estate Planning, Real Estate, Wills
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