Canadians are living longer than ever before, and with longer lifetimes come increasing concerns about the possibility of dementia and mental incapacity. An essential way to plan for the possibility of one's own incapacity is to draft these two documents: power of...
Month: August 2016
Have you included your pet in your estate plan?
Here is a matter that is often overlooked in estate planning: consideration of the family pet.In fact, more and more Canadians are taking decisive steps to provide for four-legged family members, and why not? It may be obvious that you love your spouse and children,...
Don’t forget your digital legacy when planning your estate
It's an issue that we occasionally revisit because of its increasing importance in modern estate planning. We're talking about planning your digital legacy.Digital assets may have monetary value or sentimental value. In either case, if not addressed properly in a...
Canadians reluctant to talk about financial planning, says survey
A recent survey of more than 1,000 adults sheds some light on just how reluctant Canadians can be to talk about money -- even with their significant others.While the respondents in this case were soon-to-be spouses, the report underscores the importance of...
Tips for safeguarding an inheritance
Family dynamics often have a bearing on how smoothly wealth passes from one generation to the next. At , we have seen how differences among family members can have a negative impact on the value of an estate, and we work with our clients to...
Overwhelmed by your estate administration duties? You’re not alone.
Have you been appointed as an estate trustee in Ontario? Are you unfamiliar with or overwhelmed by your administrative obligations? If so, you are not alone.It is not uncommon for estate trustees and executors to feel uncertain about where to begin with administrative...
Learn more about powers of attorney and guardianship in Ontario
In light of our recent post on a legal dispute involving an Ontario man who was sentenced to jail for stealing from his father, now is a fitting time to discuss estate planning as it relates to powers of attorney and other forms of incapacity planning. First, to...