Should I draw up a new will or simply add a codicil to my old one?
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
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….
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Don’t miss Part 1 of this post, Are You Prepared? Discover Your Estate Planning Readiness with my Ontario Quiz Answer true or false. Q6. I can change my will by initialing the changes on the original. True or false? False. This misconception can lead to a court…
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Answer true or false. Q1. I need a lawyer to make a will. True or false? False. You can make your own will without a lawyer but it’s very risky. Do-it-yourself wills are frequently challenged in court. Your beneficiaries may later spend tens of thousands of dollars…
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It keeps happening again and again. Monica came into my office because she was in an estate dispute. She asked what she thought was a simple question, “Why bother making a will if wills are not valid?” My answer was simple. “You must ensure your will is…
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Anna arrived at our law office after the funeral of Jason, her common-law spouse. Anna and Jason lived together for nearly 7 years. Anna cared for Jason during his cancer treatments. She supported Jason and paid the condo fees and mortgage on their condominium. The condominium, however,…
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Do you suffer from estate planning-itis? You may never know it. Has it infected you? It may or may not be contagious but can spread to your partner or spouse. Let me explain that a cure exists. Estate planning-itis is basically a fear of doing any estate…
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What are the costliest money mistakes you can make? Forget about what happens to your money when the real estate and stock markets collapse. The biggest blunder is not having an estate plan. Why is that? Everything you worked for during your entire life can be wiped…
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Problems can occur whenever someone else must try to interpret what you want done. If you don’t bother making an estate plan, the government will provide one by default. Their idea of what happens to your money leaves no room for your personal wishes, tax savings or…
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