There are several things to consider when creating or updating your will. Numerous problems can arise as you carry out your wishes. If you do not think about the different scenarios that may occur or make careful preparations, there is…
The province of Ontario has a probate requirement. The probate requirement exists in order to ensure that a deceased individual’s assets are distributed to the appropriate parties, and to ensure that creditors and taxes are paid. Once you understand what…
A will is important in making sure one’s estate and property go to the right people. However, that will can be challenged. While it is possible to litigate a will during the probate process, not everyone is eligible to do…
No one ever likes to think about their own death, but that's the inevitable truth. At some point, we all must deal with the fact that we are going to die. For some of us, the idea of writing a…
There are numerous myths and misunderstandings about estate planning that individuals believe to be true. It is critical to detect these falsehoods to prevent leaving your loved ones with financial and legal burdens after you're gone. Let's debunk the five…
As your life’s circumstances change, you may wish or need to amend your will. This is necessary mainly if your family has grown, if family members have changed due to marriage or divorce, or if you recently purchased or sold…
Most of us want to pay less taxes. Although we understand that taxes are the nation’s lifeblood, it is still nice to find legal ways. No one wants to give away their hard-earned money. Some even believe that having a…
In the event of mental incapacity, a Power of Attorney (POA) for Personal Care allows an individual to designate who will make care decisions on their behalf. Those who do not understand or appreciate the implications of a decision or…
Whether or not you have a tremendous amount of property, will estate planning is essential. This will assure you that if an accident happen and make you unable to manage your assets, it will be in the right hands. It…
If you do not prepare a last will and testament, your estate won't be distributed in the way that you prefer, and the costs of administering your estate may also be higher. Now, if that alone isn't enough to convince…