Tag: will
Tag: will
ESTATES & EQUALIZATION: Spouses electing their Family Law rights and the consequences thereof
It cannot be stressed enough how important it is for the surviving spouse to establish his or her entitlement to insurance proceeds and to survivorship benefits...
ESTATES & EQUALIZATION: How can a spouse elect his/her family law rights over a Will
The Equalization ClaimA right for the surviving spouse to make an equalization claim under the Family Law Act (“FLA”), subsection 70(1)(b), is possible only due to...
ESTATES & NFP: How your estate will be impacted by your spouse’s statutory rights
The Impact of the Family Law Act on Estate Administration The administration of estates became very complicated with the enactment of Ontario’s Family Law Act (“FLA”)...
YOUR DUTIES UNDER A POWER OF ATTORNEY FOR PROPERTY AND FOR PERSONAL CARE
It is an obligation of the attorney for property to find and read the grantor’s will so as to ensure that assets specifically given in the...
ESTATE LITIGATION: Overturning the last Will & Testament of a deceased!
When someone seeks to overturn the last will and testament of a deceased, the proceeding is known as a challenge to a will. Generally, the validity...
ESTATE ADMINISTRATION: Why, and what is done once someone passes?
In law, an estate can be defined as the personal, real, tangible and intangible property of an individual along with things of value to which the person (now dead)...
BUSINESS SUCCESSION PLANNING: Passing down your business
Why plan who will take over your business now? What’s the need? It is estimated that in the next ten years just about half the number of...
WILLS & ESTATES: What Every Person Should Know!
The difference faced by a person selling life insurance and someone intending to make a will is similar to a great extent. The former has to...