Wills need to be updated to protect your loved ones. Here are some events that require you to review and possibly update your will. If you wish at any time to revoke or alter your will, consult a lawyer. Legal formalities must be observed, otherwise your wishes…
Read full article
I am posting the slides from my estate planning presentation entitled, The Secrets of Estate Planning. This was held on December 4th, 2024 for St. Michael’s College School – Alumni Association. View slides here. Remember, this information is not legal advice. Always consult a lawyer to confirm…
Read full article
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…
Read full article
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…
Read full article
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…
Read full article
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…
Read full article
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…
Read full article
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….
Read full article
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…
Read full article
416 769 - 9800