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This post was written by Diana Leopardi Consider this question: would you carry an umbrella on a sunny day? A Mandate in the event of incapacity is like carrying an umbrella on a sunny day, with no intention of using it but grateful to have the umbrella in the event it starts to rain. Think of your umbrella as your Mandate in the event of incapacity; you will be sheltered….
Autonomy, Choice and Control Continue Reading »
UncategorizedAs we reach the end of this blog series about ChatGPT, I’m reminded of Jeopardy! legend and now co-host Ken Jennings. In the finale of a three-day tournament pitting him against the IBM supercomputer Watson, Ken wrote, as part of his final answer “I, for one, welcome our new computer overlords.” That’s how I’m starting to feel…… In last week’s blog, ChatGPT wrote a will. But that’s relatively straightforward, right?….
ChatGPT, make me a trust Continue Reading »
UncategorizedI saw a meme the other day that said “No one hates lawyers more than other lawyers”. After reading this post, I think lawyer hate is about to get redirected. The surprising part of law school is that it doesn’t actually teach you how to draft legal documents. A prompt in ChatGPT to write a prenuptial or separation agreement will get a response that it “cannot provide legal documents such….
ChatGPT, draft my will Continue Reading »
UncategorizedThis blog has been written by Mohena Singh, Associate at Fasken LLP As estate planners, one of the most important aspects of our job is to discuss incapacity planning with our clients. Mental incapacity has become a social, health and legal challenge that affects a surprising number of Canada’s senior citizens. According to Statistics Canada, by 2068 it is projected that over 20% of Canadians will be over the age….
Does a Grantor have the Capacity to plan their Incapacity? Continue Reading »
Capacity Law, Caregiving, Estate Planning, UncategorizedWhat’s a professional way to say “You sound crazy and this is a horrible idea”? This is a question that was normally reserved for work BFFs. But artificial intelligence has come a long way and now gives out HR approved wisdom like: “While I appreciate your creativity and passion for this project, I have some concerns about the practicality and potential outcomes of this idea. Perhaps we could explore some….
ChatGPT, do my work for me Continue Reading »
UncategorizedThis Blog was written by: Kristie Smith, Estate and Trust Consultant, Scotia Wealth Management Last week marked the 104th anniversary of death of Saginaw, Michigan lumber baron – and, evidently, eccentric millionaire – Wellington Burt, but only the 12th anniversary of the settlement and distribution of his estate. His is a story of second families, family feuds, philanthropy, spite, legal challenges. His story is chronicled in some detail in various….
The Goose that Laid the Golden Egg Continue Reading »
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