#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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#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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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…
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Do you want the government managing your finances? You’ll need powers of attorney to protect yourself. You must designate, in writing, persons to act as your agent. In Ontario, there are two kinds of powers of attorney. Powers of attorney name substitute decision makers to handle a)…
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Are you the executor of an estate that owns real estate in Toronto? Any real estate in Toronto is likely worth a million dollars or more. So this question should interest you. Here is my answer. The one thing every executor of a million-dollar estate must do…
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Are You in A Terrible Estate Lawsuit? Mediation can help you resolve your estate lawsuit. Estate lawsuits may take many forms. Here are a few examples of estate problems I can help you with. Has your loved one died? Are you still grieving? There may or may…
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Let’s start with the positives. Good estate planning can make it possible for you to inherit millions of dollars. The best estate plans need professional advice and experts to avoid mistakes. Bad estate planning mistakes can start money wars. And money wars in an estate can cost…
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Estate disputes are emotional. They can also be expensive. Before you go too far, ask your lawyer to explain the legal theory that applies to your case. You need to know answers to these questions: What is the theory of law involved in my estate dispute? What…
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Challenging a person’s last will successfully is becoming more difficult. This is based on my review of recent Ontario court decisions. Signs of dementia by the will maker do not automatically mean the will is invalid. Courts must uphold a person’s testamentary freedom to make their wills….
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