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How to Effectively use Trusts in Estate Planning for Blended Families

How to Effectively use Trusts in Estate Planning for Blended Families[1] You may recall I previously blogged about Common Pitfalls in Estate Planning for Blended Families. In this blog post, I will discuss considerations when using trusts in estate planning for blended families. Trusts are a useful tool in the blended family context to manage the varying and often competing interests of a surviving spouse and children of a prior….

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Time to Update Your General Power of Attorney for Property

This blog was written by Sally Lee, LLB – Estate and Trust Consultant with Scotia Wealth Management.  Some readers may ask the question, what’s the difference between a General Power of Attorney for Property (“GPOAP”) versus a Continuing or Enduring Power of Attorney for Property (“CPOAP”)?  To be completely honest, the difference can be life-altering. Recently, I came across a situation where Mrs. X, who executed a general GPOAP appointing….

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Power of Attorney, Uncategorized

Coming to an Estates Court Near You?

When one year ends and a new one begins, it is common to look ahead and make predictions about what may be in store in the coming year. In that vein, the decision of Del Frate J. in S.H. v D.H., ONSC 4506, caught my eye. Although the decision is a family law case, it is likely only a matter of time before we see similar cases in the estates….

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Glad to be a day older…..

As we wind down 2018 and look forward to 2019, I always ask myself ‘where did the time go?’ I don’t really know because I am sure like many of you, I don’t feel much older than I did last year or the year before. I think we notice that someone else looks older (or has ‘aged’) when we look at them- but certainly not when we look at ourselves….

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Elder Care, Uncategorized

Does Charity Data Matter?

[caption id="attachment_7268" align="aligncenter" width="640"] The Toronto Star Christmas Carol Concert, 2018[/caption] What role do data and metrics play when we make charitable donations? Often very little. And that, in certain cases, is a good thing. This was brought home to me twice recently. First, at the 40th Annual Toronto Star Christmas Carol Concert in early December and then by an estate client. Public Data The Toronto Star’s concert at St…..

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Estate Donations, Philanthropy/Charitable Giving, Uncategorized

New Year, New You: A Retrospective of “Self-Improvement” Will Conditions

Today’s blog was co-written with Demetre Vasilounis, Student at Law at Fasken LLP. As a new year approaches, people often take a moment to reflect on their lives over the past year and determine ways in which they could have improved themselves. Some may try to realize such improvements through new year’s resolutions, which often involve goals such as improving physical fitness, quitting an addictive habit or curbing wasteful spending…..

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