Janet asked me, “We want a simple, one-page will, one that we can understand. Why can’t we get what we want?” Many people have wills that they do not understand. You may have read your wills and still be unsure of their meaning. A person’s level of…
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Wills are the cornerstone of most financial and estate plans. Wills designate who is your estate executor or Ontario estate trustee. Executors control your estate. Estates include all the stuff that you leave behind when you’re gone. Why Wills are Important Wills are more than a letter…
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Clients ask me if it is okay for their adult children to use online will providers to make their own wills. The answer is not complicated, but you must know why. First, let me make two disclaimers: You can have your financial planner answer questions about estate…
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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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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…
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Find out with FP Answers here. Need answers? Call my office today or book a meeting. Estate law is all I do. Ed Olkovich
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…
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Pippa Norman, in her October 2, 2024 Globe & Mail column, reveals interesting facts that may apply to your own Canadian wills. I recommend Pippa’s column. It is not often a Canadian source on Canadian estate planning is well written and published. As an Ontario Certified Specialist…
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