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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Making a will used to be so simple. Now, if you are elderly, you may need to obtain medical evidence to confirm that you are competent. It’s almost an Olympic challenge. Medals should be awarded to those who succeed. It can be a lot of work to…
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Margo had three sons. Tom and Terry were twins from her first marriage and Stevie from her second. Stevie dropped out of school to play guitar. He never really got a job to support himself. Margo let Stevie live at home with her until she died. Her…
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It’s like an epidemic. I receive phone calls in my law office every day from people in estate disputes. Let me give you seven factors that explain the growth of estate lawsuits. This is the new world we live in. 1. The Internet Spreads Information like a…
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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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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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Tip #1 Remember that your marriage automatically revokes any previous will in Ontario. This is not the case in every jurisdiction, but if you don’t make a new will in Ontario, the government makes one for you. The government can then: determine who is in control of…
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Here are 3 estate planning resolutions you can keep. Use them to protect your family and to give you peace of mind. 1. Make a will – resolve to invest in a professionally-prepared will. The cost of this investment, spread out over a number of years offers the…
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Let me explain what the trick is about wills. 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…
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Okay, you’re not King Tut. You’re not going to take it with you. You’ll need a will. Do you know what happens to your money when you die? If you don’t have a will, here are three key things to know: • your spouse or children do not…
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