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January 2015 Archives

Covering your legal bases in Ontario trust administration

The job of administering a trust is overwhelming for many people. In fact, many Canadians who are named as estate trustees have little or no experience in carrying out the required duties, yet trustees can be held liable for mistakes. Disputes over trust administration can also lead to costly litigation.

When should I update my estate plan?

While many people take the important estate planning steps of creating a will, assigning powers of attorney and, if appropriate, establishing a trust, far too many people never get around to updating their plans after major life events occur.

What if my incapacitated loved one hasn't assigned powers of attorney?

Understandably, people tend to avoid talking about the possibility of not being able to make their own decisions. When a plan for mental incapacity isn't in place, though, you run the risk of leaving to chance the control of your health and your property.