Total 502 Posts
Today, over half of Canadians own a pet. However, a recent survey shows only 7% of pet owners have made formal arrangements for them. If there is no provision in your estate plans, your beloved pet might not be taken care of in the manner to which they’ve become accustomed…..
‘TILL DEATH DO US PART Continue Reading »
Estate Administration, Estate Planning, Family Conflict, In the News, Interest, Succession Planning, Wills
This post was written by Alicia Mossington, Estate and Trust Consultant with Scotiatrust. Specialists in estate planning recognize the value and importance of having a well-prepared estate plan. Many of my fellow authors have articulated the importance of a comprehensive will and estate plan. Those involved in estate administration have experienced the pitfalls of poor or non-existent planning. Despite the many examples of estate’s gone awry – it can….
The Cost of a Will Continue Reading »
Costs, Estate Administration, Estate Planning, WillsWe had a Zoom call with our adult children a few weekends ago. We talked about our son’s engagement, as our daughter hadn’t yet heard the details of how he had proposed. We also talked about our daughter’s recent 5K run at the Toronto Zoo and how it compared to the half marathon that our son had run a few years ago. This family discussion and a recent work discussion….
Administering an Estate: A Marathon of Responsibilities Continue Reading »
Courts, Estate Administration, Estate Administration and Probate Applications, Estate Planning, Executors, Probate Tax, Tax Issues, WillsAn estate trustee is responsible for distributing the property of the deceased to those who are beneficially entitled to it (either in accordance with the terms of the relevant testamentary instrument or, where there is no such instrument, in accordance with the rules set out in the relevant legislation). What happens when an estate trustee ‘forgets’ to distribute some of the deceased’s property? In Ontario, Section 9 of the Estates….
Automatic Vesting (Lazy Executors Hate This One Simple Trick!) Continue Reading »
Estate Administration, PropertyBill C-21- An Act to amend certain Acts and to make certain consequential amendments (firearms) This blog has been written by Sandra Arsenault, Law Clerk at Fasken LLP Estates practitioners should be aware that Bill C-21, the controversial legislation which imposes strict gun control provisions Canada-wide, received Royal Assent and became law on December 15, 2023. Bill C-21 amends several federal statutes, including, inter alia, the Criminal Code of….
Firearms, Wills, Estates, and the impact of Bill C-21 Continue Reading »
Estate Administration, Estate Planning, Executors, Uncategorized, Wills
Alicia Mossington, Estate and Trust Consultant Executors have many responsibilities: paying debts; taxes; testamentary expenses; and managing estate assets. Different assets come with different responsibilities and rules and some assets – like rental properties – have unique complexities to manage. It is common for estates to include rental properties especially given the real estate market in Ontario over the past decade. When managing occupied property, the executor must balance their….
Got Tenants? Tenants in Estates Continue Reading »
Estate Administration, Real Estate