Total 676 Posts
This Blog was written by: Holly Allardyce I once attended a networking event where we all had to name an aspect of our jobs that we enjoy. I volunteered that I liked knowing I had located all of a deceased person’s valuables. The perplexed facilitator asked if I was a professional burglar. I advised that I was a Trust Officer that when attending at a residence shortly after a client’s….
I Know I Put it Somewhere. Continue Reading »
Estate Administration, UncategorizedToday’s blog was written by Jenna Ward, Articling Student, Fasken Martineau DuMoulin. Last year, we wrote about the steps that owners of digital assets should take to preserve assets and ensure a smooth transition of such assets to executors and beneficiaries. Here are some more thoughts on the topic of digital assets. iTunes library, Kindle store purchases and other digital purchases: increasingly, iTunes libraries and Kindle book collections have replaced….
Digital Estate Planning – Part 1: Digital Assets: to Preserve or Destroy Continue Reading »
UncategorizedCharities like to name things after donors. Simply, big gifts mean more prominent “naming opportunities”. Ontario’s Minister of Health recently issued a directive to hospitals stipulating that they can’t rename existing hospitals in recognition of donations. Is “naming” a risk for major donors? What are the estate planning implications? Ontario’s New Rules First, let’s look at Minister Eric Hoskin’s directive. It says the new hospital name “must not include the….
Approving Donor Recognition Continue Reading »
UncategorizedThis issue was recently tested in Court with a “bittersweet” result. Three testamentary trusts were created for 3 children in the late 2000’s. Their mother was an income beneficiary in each trust, and entitled to receive all the net income derived from each trust during her lifetime. A child and his/her children were income and capital beneficiaries of each respective trust and would be paid the net income after their….
Multiple testamentary trusts for tax purposes: Are they always treated as one? Continue Reading »
Canada Revenue Agency, Estate Administration, Investments, Property, Resulting Trust, Tax Issues, Trusts, UncategorizedAn administration bond is a promise to the court, with a surety, that the executor of an estate will be honest in performing his/her duties in the administration of the estate and in distributing the property of the estate to the beneficiaries. It protects the beneficiaries and creditors of the estate in the event of an improper administration of the assets of the estate. Under the Estates Act, R.S. O…..
Obtaining Administration Bonds Versus Dispensing with Administration Bonds Continue Reading »
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This Blog was written by: Natalie Rouse Last week I wrote about some basic matters to consider when appointing someone as a child’s guardian. The person named as a guardian in a will must have that appointment confirmed in court. Courts are more likely to accept the appointment of a parent as guardian versus a non-parent. However, if there’s no suitable other parent, or in the case where both parents….
Guardianship Decisions – The Sequel Continue Reading »
Estate Planning, Guardianship, Uncategorized