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…
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You’ve heard that artist Prince died without a will leaving his loved ones to inherit his estate problems. Yes, he is the Prince famous with hits like Purple Rain who died April 2016. He left an estate that’s still open. His loved ones have spent millions in…
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We live in unbelievable times. What can you do to avoid legal battles over your money after you are gone? I’ll give you some tips now. It is true you don’t need to use a lawyer to make your will. However, don’t assume any will you make…
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MrWills.com was born in 1997 after the first Ontario Make a Will Week campaign. I was founding chair of this Ontario program that ran November 17–23, 1997. Lawyers across Ontario were involved. At that time, only 39.8% of adult Ontario residents had a lawyer-prepared will (Decima Research,…
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Are you tempted to prepare your own will online or with a will kit? Do you know who can defend your will in court? Who will your loved ones call if your will is challenged? They will call a lawyer, sure. But what evidence is available to…
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Albert didn’t bother talking to a lawyer. He was executor of his uncle’s estate. He didn’t realize the size of the estate’s tax liabilities. Uncle’s RRSPs were transferred directly to his designated beneficiaries. Unknown to Albert, those assets carried income tax liabilities. Albert’s uncle left his $100,000…
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Making Wills Easy – New Summer Series 13 Let’s help you find the right lawyer to prepare your will. In this Summer Series, I explained why you need to invest in a professionally prepared will. In case you missed it, go here. Sure, you may be afraid…
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Making Wills Easy – New Summer Series 5 You may not be famous — yet. But your family still needs to benefit from your will. Never think making a homemade will is okay. Quick fixes can fool you into thinking you solved your problem. But are your…
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Key 3: Quickly Prepare a Proper Will Simon had no clue how to divide up his estate. He was going on a trip to Dallas and wanted to make a will before he left. He wondered, “If I leave $25,000 to Billy and $25,000 to Sally, will…
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In its Executive Summary, the Canadian Task Force on Literacy states, “…financial literacy is an essential skill acquired through lifelong learning…” EXECUTIVE SUMMARY AND RECOMMENDATIONS Canadians and Their Money Building a brighter financial future Part of that requires everyone to have some estate literacy. This creates those…
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