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…
Read full article
So, you think you can put whatever you want into your will? After all, it is your money, isn’t it? WRONG! Your executor/estate trustee must pay all your taxes. You need advice on taxes that are payable on death. During the pandemic, you may have bought online…
Read full article
What’s your plan to protect your family’s money after your death? We all know family estate fights can start once you’re gone. It does not matter how much money is at stake. You don’t have to be rich to need a will. Wills help reduce taxes. Your…
Read full article
What does a threshold have to do with losing your inheritance? If you have been disinherited by a will, then you need to know something about thresholds that are used in estate cases. Ontario courts now require that you have a minimum of evidence to contest a…
Read full article
Even if you can answer that question, you still have to make sure you provide adequately for all your dependants. What is adequate support? Likely only an estate lawyer or judge can answer that. And you don’t want to ask a judge. If you don’t provide adequate…
Read full article
Dying Without a Proper Will It turns people’s stomachs when I explain the costs and work that is needed when loved ones suffer from bad wills. Or, worse yet, when there is no will at all. This is mind-boggling to me. People spend money on their cell…
Read full article
Did you make your will during the pandemic? I recommend you locate the original will and review it. You may be surprised by the choices you made about who your beneficiaries and executors would be. Did You Make a Will Online? No one knows if your online…
Read full article
In our post-pandemic world, it often seems like there are no rules for anything. It reminds me of the Cole Porter hit everyone knows, “Anything Goes”. But anything goes is not the rule when it comes to making your last will. Do you know what your moral…
Read full article
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…
Read full article
Some estate executors can’t handle the job. I continue to see expensive mistakes being made because the wrong executor was chosen. I’ve seen people’s last remains languish in morgues because there was no will and no executor. No one can authorize the funeral and burial. If you…
Read full article
416 769 - 9800