Many people might not realize that parents or caregivers of children aren’t always automatically entitled to manage or receive a child’s money. Anyone under the age of 18 is considered a minor child. A minor may need a guardian of their property in instances where the...
Month: March 2022
How much power does an executor really have?
Some people may wonder if the executor of a will has the last say in the affairs of the deceased. Although the executor does have authority over many things, the one thing he or she cannot do is change the terms of the will. Wills in Ontario are written as part of the...
The estate plan is complete. Now what?
Writing an estate plan can take a lot of thought and some time. But when Ontario residents have finished their estate planning documents, what happens then? For one thing, an estate plan should typically be discussed with loved ones. In addition to allowing a select...
Effects of the pandemic and digital technology on estate planning
The global health situation coupled with the age of digitization has changed the way the world works in many respects. Ontario residents who are thinking about estate planning can now complete important documents without the need for face-to-face contact. In many...
Planning for an estate transfer
The transfer of an estate is what happens when a person passes away. It is typically important that all adults do some essential estate planning no matter their level of income, marital status or amount of assets they have. Getting one’s wishes in writing will help an...