In the film Gone With the Wind, Scarlett O'Hara realizes there is nothing more valuable than the land which is owned by her family. Many people in the throes of estate planning in Canada should take into consideration that property may be one of the assets their heirs would most like to have. Sometimes that can cause problems, considering the family farmhouse usually can't be split in half.
Ontario estate planning and property in common-law marriages
Some common-law couples assume that because they live together for a long time and share their lives as though they were legally married, the law views their situation in the same light.
Affluent Ontario business owners may face estate planning issues
Successful business owners are busy people and consequently might put important things directly unrelated to their businesses on the back burner. Such could be the case with estate planning. Ontario entrepreneurs may be put off by the complexities of working on their estate plans, especially if they intend to pass down the business to their heirs. However, an exit plan is likely just as important as a startup plan.
