Estate Planning

“I would like to leave my sister $10,000, but I don’t want it to be paid until both of us have died.” Drafting solicitors frequently receive some variation on this instruction when drafting wills for spouses. Although it sounds straightforward enough, there are pitfalls to be avoided…..

Digital assets was an interesting topic of conversation at this month’s OBA Brown Bag Lunch (BBL) session. Digital assets usually refer to virtual or intangible assets and can range from blogs to Air Miles to online accounts (i.e. financial, Facebook, YouTube, etc.), to online gaming assets such as in virtual life games.  In 2013, a McAfee survey reported that Canadian consumers estimate the value of their digital assets at being….

The CRA was asked whether voluntary contributions of capital to a Trust by its beneficiaries would cause the Trust to lose its status as a Personal Trust…..

Those of us in Toronto this morning woke up to… snow! The weather is a picturesque reminder that the holiday season is nearly here. For many, December inspires consideration not only of what gifts to make to family and friends, but also of what gifts to make to charity…..