Why You Need a Power of Attorney for Property
What is a Power of Attorney for Property? A Power of Attorney for Property is a written document in which you (the “Grantor”) appoint another person (the “Attorney”) to act on your behalf. Through a Power of Attorney for Property you grant your Attorney the legal authority to make decisions on your behalf relating to […]
The Risks of using Online Will Generators and “DIY” Will Kits
COVID-19 has created many uncertainties in our world, but one thing you can be sure of is that you should have an estate plan. While many of us are isolated at home and rely on web-based services for ordering clothing and groceries, using an online service to complete your estate plane comes with significant risks. […]
“Spring Clean” Your Estate Plan
Many of us partake in annual spring cleaning as we shake off the shackles of winter and prepare for a fresh start. This time of year is also ideal to review your estate plan to ensure that it’s updated and organized. “Cleaning up” your estate plan can involve taking the following steps: 1. Locate your […]
When Should You Update your Will?
While most people believe that a Will is something that you prepare once and then forget about, in fact your Will is affected by what is happening in your life and should be reviewed and updated when significant changes in your life occur. Some events that may have occurred since you last prepared a Will […]
Planning For Beneficiaries With Disabilities
If you have someone that you plan to leave money or assets to who has special needs or a disability, special consideration should be given on how to deal with his or her interest in your Estate. This is particularly true if that individual is receiving Ontario Disability Support Program (ODSP) benefits. As you may […]
Certificate Of Appointment Of Estate Trustee
In a properly drafted Will, there is an estate trustee or trustees named who will have the right to deal with the assets in the estate immediately upon death. On an intestacy (where there is no Will), there is no person who can act immediately upon the death. Someone must apply to the Ontario Superior […]
Estate Administration
What does this process involve? As the Executor of a deceased’s estate, your first obligation is to ensure that all funeral and burial arrangements are made and paid for, and to safeguard the assets of the deceased. The Executor is the only individual with the legal authority to contract for funeral and burial arrangements. These […]
