Do you know the difference between legal and beneficial ownership? This post will summarize the difference. In Canada, there is a difference between legal and beneficial ownership. This is a distinction that can cost you. And it is real. This post is not legal advice which you…
Read full article
Well-made wills are the best gift you can give your loved ones. I know this from my experience as a lawyer and author. Why is that? Because if you don’t make a will, the government will make one for you. They will not allow for variations or…
Read full article
Find out what this complicated situation requires with FP Answers. Need help handling an estate with or without a will? Contact me for a meeting. I have solved estate problems for decades by going to court or through mediation. I offer you a meeting to discuss your needs by Zoom or in-person…
Read full article
#10 Income Taxes: Much Ado About Lots PART 1 Q: Can I avoid paying my income taxes by dying? A: Afraid not. The government has a way of getting their money even if you don’t make a will. The government gives you a will that…
Read full article
Find out with FP Answers here. Need answers? Call my office today or book a meeting. I am an Ontario Certified Specialist. Estate law is all I do.
Transfers of property into joint ownership are common will substitutes. However, these transfers can cause estate disputes. Joint ownership questions are frequent issues in estate lawsuits. If you are involved in a transfer into joint ownership, you should know what can go wrong. You could become involved…
Read full article
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…
Read full article
Recent court decisions have made it clear that certain claims against estates are restricted to two-year limitation periods. This means that you may only have two years from the date of a person’s death to raise legal claims. If legal claims are filed late, they can be…
Read full article
What happens if you don’t make your will? Don’t worry – the government makes your will for you. The government makes your last will when you die without a will (intestate). Intestate means government laws control all your stuff. That takes away your freedom. The government rules…
Read full article
What happens when you fail to make a will? Ontario judges have limited discretion to decide who handles your estate when you do not bother to make your will. If there is no will, an intestacy is created. That’s when the government makes a will for you….
Read full article
416 769 - 9800