Pets can be a complicated topic when it comes to succession and estate planning. Are they an asset or a liability? Who is prepared to care for the pet should something happen to the owner, and how will they afford the associated expenses? Proper planning can help prevent this from becoming an estate administration nightmare for Ontario owners.
Managing digital assets in estate administration
The rise of digital currency has raised many questions in the financial and legal world. One common discussion involves estate planning and estate administration. How can digital assets, including cryptocurrencies, be transferred in the case of someone's death? Ontario planners and executors alike have many questions about the process of distributing digital assets of an estate.
Estate administration in blended families
When it comes to wills and estates, it is common for people to leave their assets to a spouse, followed by their children. This traditional structure of passing wealth to children can become complicated in a blended family. While the process of writing and administering a will are similar regardless of family structure, more complex family structures can lead to additional challenges. In these cases, clear consideration and communication are important for seamless estate administration in Ontario.
Understanding estate litigation related to undue influence
When an individual plans for the future of his or her estate, the intention is for the person to be able to make independent and well-informed decisions. Unfortunately, it is possible for people to be conned or manipulated into changing their will to the benefit of someone with ill intentions. In fact, undue influence is at the heart of many estate litigation cases in Ontario.
