How can I cut my kids out of my will and leave it all to an animal shelter?
Find out with FP Answers here. Need answers? Call my office today or book a meeting. Estate law is all I do. Ed Olkovich
Find out with FP Answers here. Need answers? Call my office today or book a meeting. Estate law is all I do. Ed Olkovich
Do-it-yourself and online wills are all the rage again. But do you know that they can lead to estate problems? Most people do not know or understand property law, family, estate and tax laws to prepare wills that don’t create complications or legal concerns. If what you…
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If you are stuck or don’t know where to begin as an Ontario estate executor, read this post. No single roadmap works for every estate journey. Each estate, large or small, has different assets, beneficiaries and tax issues. These variables create their own list of dos and…
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Read Part 1 of this post, The Hidden Dangers of Passing Without a Will in Ontario. Here’s what happens in Ontario if you do not make a will. Intestate Rules Apply You do not get to choose who is your estate trustee without a will. This person…
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What happens if you die without a will in Ontario? Are you like John? John asked, “If I die without a will, can I avoid paying my creditors since I have no will to probate?” John thought dying intestate (without a will) in Ontario was not a…
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You are likely still grieving from the loss of a loved one. If a loved one dies, you may be involved in their estate. You need to know there are now strict time limits that can cancel your rights. This post is not legal advice but for…
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Read my previous post, Rules to Pick the Right Estate Trustee for Your Will. Executors have personal liability for their misconduct. Executors can decline the job. They cannot be compelled to act as executors. That’s why you always need to name a backup executor in your will….
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You may be postponing making your will for the wrong reasons. Looking for the right estate executor is not a good reason. Why? Because your choice today may not be a good choice in five to 10 years. Executors are also called estate trustees in Ontario. I…
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Are you an Ontario executor or estate trustee? This role is often considered an honour, but also a thankless job. However, by law, estate trustees are entitled to receive compensation for their care and trouble. Unless, that is, the will that appoints them specifies otherwise. There is…
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Joint ownership, even with family, can create legal problems. Here are five dangers that you must be aware of. Review this list before you consider holding property in joint ownership with anyone, including your children. 1. DisasterJoint owners can refuse to cooperate when you need to deal…
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