Reading through your Will can be confusing, particularly when trying to navigate the various legal terms included. A lot of legal language is used to summarize a long phrase and make your Will as concise as possible. A Will can be anywhere from about six pages to over twenty pages long depending on the provisions […]
UNDERSTANDING THE TERMS IN YOUR WILL Read More »
It can feel overwhelming to a business owner, the thought of embarking on a plan for succession/transition of their business. Particularly when the transition plan involves some or all their children. Commonly, the owner has a vision for the endpoint but does not have the map to get there. Navigation is the role of the
SHAREHOLDERS’ AGREEMENT: AN ESSENTIAL INGREDIENT IN THE FAMILY SUCCESSION PLAN Read More »
Online Wills and Will Kits from Amazon may seem tempting. You might think “$20 to prepare my Will – that’s a fantastic deal compared to paying hundreds to a lawyer!” Online Wills and Will Kits appear too good to be true – because they are. Here are just a few of the reason homemade Wills
WHY HOMEMADE WILLS ARE RISKY Read More »
It’s always a good time to start thinking about what you have been avoiding and go ahead and tackle it. No one wants to think about dying, and having a Will prepared is commonly something we avoid for as long as possible. It is best to face this uncomfortable feeling head on with an experienced
STOP PUTTING IT OFF – IT’S TIME TO MAKE YOUR WILL Read More »
“The afternoon knows what the morning never suspected.” — Robert Frost Planning ahead is essential and having a last will and testament in place is a lifetime gift you can give yourself and your family. Maybe you have been procrastinating about having your Will prepared? Or perhaps, your Will was prepared years ago and you
HAVE YOU PLANNED AHEAD? Read More »
*Trigger Warning* Power of Attorney for Personal Care A Power of Attorney for Personal Care is a legal document that appoints an ‘Attorney’ and gives that Attorney the power to make decisions on your behalf related to your personal care, including your health, medical treatment, housing, meals, hygiene, etc. Your Power of Attorney for Personal
ESTATE PLANNING AND MEDICAL ASSISTANCE IN DYING (MAID) IN ONTARIO Read More »
Your Last Will & Testament (your “Will”) is an important legal document that sets out how your estate will be administered – meaning how the property you own will be divided after you pass away. It is important to have a Will in place to ensure that your property is dealt with appropriately and in
WHAT TO EXPECT FROM YOUR ESTATE PLANNING LAWYER Read More »
Use the right tool for the right job in the right way! Agreeing with the principle is easy, deploying it is more complex. Before you can use the right tool, you must know it exists. “If all you have is a hammer, everything looks like a nail” [1] If you are comfortable with a single
WHAT’S IN YOUR TOOLKIT? Read More »
Just when you thought that was it. After you have signed your estate planning documents, it is recommended that you let your Executor(s) know where your original Will can be found. While it is common for the original documentation to be held by your lawyer for safekeeping, that may not always be the case. Should
YOU’VE SIGNED YOUR WILL. WHAT’S NEXT? Read More »
What do Jimi Hendrix, Pablo Picasso, Prince, Howard Hughes and Michael Jackson all have in common? They all died without a valid will. But they weren’t unusual. An Angus Reid poll found that 51% of Canadians do not have a will, and 35% of respondents said they had one, but it was outdated. There are
HOW WILL YOUR ESTATE BE DISTRIBUTED? Read More »
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