Cottage

Total 28 Posts

Cottage Trust Planning – Points for Consideration

• • 0 Comments

Fall officially arrives on Monday. School has started, the leaves are turning colour, and for many families, it’s time to think about closing the cottage for the year. As estate planners know, the cottage is not an ordinary asset. It’s a special place where memories are made and traditions are passed down, and as a result, planning for its succession can be challenging. Often, individuals will include a trust in….

Cottage Trust Planning – Points for Consideration Continue Reading »

Cottage, Estate Planning, Property, Succession Planning, Trustee, Trusts, Wills

Again and Again About the Capital Gain: Cottage Succession Planning Part 2

• • 0 Comments
Scotiatrust

This blog post was written by: Derek Hambly, Estate and Trust Consultant, Scotiatrust London In part one of this post, posted on June 5th we discussed that if your cottage is not also a qualified farm or fishing property, avoiding capital gains entirely can only really be done by declaring it as your principal residence. However, in the circumstance where the cottage is not the best option to declare as….

Again and Again About the Capital Gain: Cottage Succession Planning Part 2 Continue Reading »

Cottage, Estate Planning, Tax Issues

Cottages, Cabins, and Capital Gains

• • 0 Comments
Scotiatrust

This blog post was written by: Derek Hambly, Estate and Trust Consultant, Scotiatrust London It is that time of year again when cottages, cabins and recreational properties are top of mind. Sitting in traffic getting out of town to get to the lake doesn’t seem so bad when your home-away-from-home is waiting for you…. unless of course you are worrying about the capital gain that has accrued on that property….

Cottages, Cabins, and Capital Gains Continue Reading »

Cottage, Estate Planning, Tax Issues

Decoding the Mysteries of a Testator’s Intention

• • 0 Comments

This blog post was written by Mohena Singh, Associate at Fasken LLP. Imagine a picturesque cottage in Shrewsbury, Ontario, a place filled with family memories and the promise of future gatherings. This cottage, however, became the centre of a legal conundrum after the passing of its owner, Floyd Kersey (“Floyd”), and the subject matter of the case of Spencer v. Spencer et al.. Floyd’s will, crafted in 1983, was meant….

Decoding the Mysteries of a Testator’s Intention Continue Reading »

Cottage, Estate Planning, Family Conflict

Planning for Cottage Season

• • 0 Comments

Today’s blog was written by Courtney Lanthier, Law Clerk at Fasken LLP With the summer months now here, we enter into another cottage season – a time for family and friends to gather, make new memories and relax and unwind. For many, cottages hold significant sentimental value. They are a place to spend time with loved ones and to watch children, and even grandchildren, grow up. But before jumping into….

Planning for Cottage Season Continue Reading »

Cottage, Estate Administration, Estate Planning, Property, Uncategorized

Trustees Holding Title to Real Property: It Used to be Simpler

• • 0 Comments

Trustees holding title to real property jointly with right of survivorship should make estate succession efficient and inexpensive. But recent changes implemented by the Director of Land Titles are challenging that notion…..

Trustees Holding Title to Real Property: It Used to be Simpler Continue Reading »

Cottage, Estate Planning, Fiduciary Professions, Joint Tenancy, Property, Real Estate, Succession Planning, Trustee, Trusts
Scroll to Top