Tag: wills and estates

Why Use Lawyers to Prepare Wills

Are you still struggling to make your will without using a lawyer? Think you can do it yourself using an online service. No lawyer is involved online to provide advice. There are only dangers, not advantages, of not using lawyers to make your will. Let me describe…
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In many estates the house may be the most valuable asset. Executors need to reduce the risks involved in managing real estate. Here is a checklist for some of the tricky things to consider. Remember this: As executor, you need more than a checklist to protect yourself….
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Ask Ed: Estate Planning Will Problems

Advisor’s question: When my client died, she no longer owned the stocks named in her will. What happens to the gift? Ed’s Answer: It depends on the wording of the will. In many cases, the gift is said to have adeemed. That means it is lost. For…
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How Executors Learn on the Job

If you are going to be an executor or choose one for your will, there’s more you need to know. You should know that being an executor is not a badge of honour or distinction. Your job responsibilities are demanding and can take a year or more….
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How to Keep Your Family Safe This Summer

Hot summer days bring back memories of the sun and the family swimming at the beach. And when your family packs up for a summer trip, their safety is always your concern. You can protect your family with this quick estate planning review in a matter of…
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Common-law Spouses – New Dangers Discovered

Canada’s Supreme Court has issued a wake-up call for common-law spouses. The law has changed based on decisions released February 2011. If you are a common-law spouse, you may not realize it but you have no legislative rights to inherit property in Ontario. In Kerr v. Baranow,…
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