When planning for the distribution of assets in the future, it is common for individuals to aim for a "fair" and equitable arrangement. For some Ontario families, this simply means liquidating assets and splitting the proceeds among surviving children. For...
Month: May 2019
Future planning for disabled loved ones with limited capacity
People with special needs and their caretakers have many unique challenges. One that is often overlooked is the prospect of planning for a person's financial future, including formulating an estate plan. This is important for those who have disabled loved...
How “do-it-yourself” wills can end in litigation
It is not uncommon for Ontario adults to consider drafting their own will at home. A do-it-yourself will can seem attractive to those who have a good handle on their assets and descendants. The problem is that wills created at home can be much more easily...
Making estate administration easier with a trust
Ontario residents who have a trust may already know that they need to fund it. Without addressing this important step, the trust may not be worth the paper it is written on when the time comes. One of the reasons many people use trusts is to help simplify the estate...