In your last will and testament, you can clarify how estate assets should be distributed to heirs. Unless your will states otherwise, your heirs will receive their full share of assets after the estate has been administered.However, this manner of distribution may not...
Month: November 2016
Which is best for you and your spouse: Joint or separate ownership?
One important aspect of estate planning is consideration of whether it makes sense for couples to hold investments jointly or separately.While TFSAs and RRSPs must be registered to individual owners, nonregistered investments can be held jointly. In terms of estate...
Have you planned how the distribution of your assets will affect your dependents?
Generally, in Ontario, you can bequeath your estate assets however you choose. There are exceptions, however.For example, if you have dependents, and if your estate plan fails to provide for them, the Succession Law Reform Act allows for your estate to be challenged...
Does your last will and testament still reflect your wishes?
You've taken the important step of creating a last will and testament, so now you can put the matter behind you for good. Right? Not necessarily.While your estate plan should definitely include a last will and testament, it is important to remember that, when major...