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December 2015 Archives

Older Canadians may face capacity challenges less common among forebears

In 2014 life expectancy in Canada was the sixth highest in the world. According to the World Health Organization, men could expect to live to age 80 and women could expect to live to age 83. By comparison, in 1920 the expected ages were 59 and 61 respectively. Much has changed, in other words.

Does your estate plan account for digital property?

When planning the eventual distribution of your estate assets, one of your primary goals is to ensure that your wishes are communicated clearly. However, in a world increasingly characterized by our connection to digital technologies, estate planners have to think not only about which heir will receive what, but also about whether heirs have access to digital assets.

What are the rules in Ontario for establishing guardianship?

The possibility of not being able to make your own decisions may not be a subject you often consider, but anticipating incapacity is an essential part of estate planning. Canadians can most easily address incapacity issues with two important documents: power of attorney for personal care and power of attorney for property.