Its estimated that more than half of Canadians do not have a will. This applies to many lawyers, too. Why? Well, many just dont like to think about it. Or – I cant find time to get around to it I cant afford it right now I dont really need one Whatever the reason, your […]
GET 'R' DONE – NOVEMBER IS NATIONAL 'MAKE A WILL' MONTH Read More »
Generally, you can designate a beneficiary for your RRSPs. If you do, generally the RRSP will be paid to your designated beneficiary on your passing. The RRSP will not form part of your Estate and, therefore, not be subject to Ontarios estate administration tax. However, the problem: the federal Income Tax Act provides that, even
There are many benefits to having a Will, too many to identify in a short blog. Here are a few of what I consider the important reasons to have a Will. With no Will: – your Estate may be given to family members you do not wish to benefit (under Ontarios Succession Law Reform Act)
WHY DO I NEED A WILL – IS IT REALLY NECESSARY? YES – A FEW REASONS……… Read More »
You can specify testamentary custody for your child in your last will and testament in Ontario. Under Ontario’s Childrens Law Reform Act (CLRA), if you have custody of a child, you can specify in your Will who you wish to have custody if you pass away, but only for a ninety-day period after your passing.
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