Total 1065 Posts
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, TrustsLawPro recently released its report concerning Wills and estates malpractice claims as of the end of 2022. As we approach the busy year end, I thought it would be helpful to remind practitioners of the most common errors and some risk management tips in that regard. Interestingly (and perhaps somewhat surprisingly), most issues stem from things at occur before or at the initial client meeting. Things that contribute to problems….
Avoid Becoming Part of a Statistic Continue Reading »
Estate Planning, Liability, Uncategorized, WillsThis blog has been written by Darren Lund a partner at Fasken LLP. Marriage contracts and cohabitation agreements are an increasingly important aspect of estate planning and wealth preservation. They can be used for a number of reasons and in a variety of contexts. Think of the parents wishing to protect a cash gift to a child to assist with the purchase of a home, the business owner who wants….
How Separate is “Separate as to Property”? Continue Reading »
Estate Planning, Property, Spouse, Trusts[caption id="attachment_20501" align="aligncenter" width="413"] CHRIS MEYER/INDIANA UNIVERSITY — Wikipedia[/caption] Student awards are one of the most popular charitable purposes, especially in estates. Donors often strongly identify with the life changing benefit of direct educational funding to students. Named scholarship funds are often named and constitute part of the donor’s legacy. Educational awards are such a popular purpose that there are numerous providers. Of course, there are schools, colleges and universities….
Scholarships and Other Educational Awards Continue Reading »
Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Uncategorized
Pictured: Some myosotis flowers; colloquially known as “forget-me-nots”. I thought these would be appropriate for this blog post. In the estate planning world, we often see clients who want to be remembered for generations to come. For example, this could be through establishing a charitable gift, trust or foundation in their will; some people even find value in having some sort of organization, space or physical object named after them…..
Will We Need to Start Remembering the “Right to be Forgotten”? Continue Reading »
Courts, Estate Administration, Estate Planning, Executors, In the News
Today’s post was written by Diana Leopardi – Estate and Trust Consultant at Scotiatrust. What can be worse than having a Will that does not reflect your wealth transfer wishes…that is, not having a Will at all! Suppose you have a Will in place, it is prudent to ensure that your Will properly reflects your wealth transfer wishes. As a best practise we encourage our clients to review their Wills….
Does your Will reflect your wealth transfer wishes? Continue Reading »
Estate Planning, Separation, Wills