#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…
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Why Professional Wills Don’t Cost Anything Lawyer-prepared wills are investments that save money. Good wills cover a span of 5-10 years or more. Spread will your costs over this period for pennies a day of protection. That’s? Much less than your annual car insurance bill. Lawyers make…
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Q: If I don’t have a will, my family gets all my stuff anyway. Is that true? A: If you die without a will, the government gives you their will. Government wills are the same for everyone. Their rules decide who controls your stuff, who gets what…
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Read part 1 of this post. I describe common dangerous wills you should avoid. This post continues with 3 more examples of dangerous wills. Living wills are not wills at all. They may not have two witnesses like Ontario wills. They don’t deal with your assets or…
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What type of will do you need in Ontario? I’ll tell you about wills that are dangerous. Many people think any will will do. Since you don’t need a lawyer to make a will legal, why bother with lawyers? Some Ontario wills are dangerous and must be…
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#9 Can You Dodge Probate? Probate need not be perplexing. Probate comes from the Latin verb probare, to prove. As for what probate is, that’s one of the most difficult questions I must answer when a member of the media interviews me. There is no sound bite…
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#8 Do-It-Yourself Quiz Avoid the biggest financial mistakes you can make when preparing your will. Read my previous post, #7 Do-It-Yourself Dangers. Answer Yes or No to each question in the following quiz and read my comments below them. I believe this exercise will convince you that…
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#7 Do-It-Yourself Dangers Read post #6 in my series, Breakthrough Wills & Estate Planning Series. You may, like a lot of people, prepare your own tax returns. As you may have found out the hard way, if you’ve ever made tax filing mistakes, the government can charge…
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#6 Who Can Help You? Never Try This Alone Read my previous post in this series, #5 Your Goals for Specific Properties. Should you start the process of estate planning with a financial advisor, accountant or lawyer? People always ask me this question, and here’s what I…
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#5 Your Goals for Specific Properties Read the previous post in my Breakthrough Wills and Estate Planning Series, #4 Why Legal and Moral Obligations Matter. You may wish to deal with specific assets, such as key properties like a business, heirlooms or a beneficiary’s request, in your…
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