Creating an estate plan is an ideal way to minimize the chances that your loved ones will fight over their inheritances. However, an estate plan does not always address two issues that may be important to you: watching your children enjoy their inheritance and helping...
Estate Litigation
The downside of probate: possible estate litigation
When you agreed to serve as executor for a loved one, you may not have fully understood the responsibilities you would take on when the time came. Like most people facing probate, you may have hoped it would go smoothly. Even if you knew it would take months to...
Empathy can help all when dealing with farm estate issues
Business owners, especially those with significant property or multiple beneficiaries, have unique challenges when it comes to planning for what happens after they pass away. Farmers and their families are particularly aware of this, especially when not all children...
The importance of estate planning for cryptocurrency owners
While cryptocurrency has decreased in value since its 2017 peak, it still represents a significant chunk of wealth for many Canadian adults. In spite of this, estate planning for cryptocurrency is often neglected. This frequently results in the funds being...
Why do some people avoid estate planning?
When a person passes away without a will or plan, it can leave loved ones and next of kin in a difficult position. A lack of clear, legally valid plans is behind many estate litigation issues in Ontario.With so much on the line, it's fair to wonder why...
Advance planning can protect a family farm from estate litigation
When it comes to making a fair and well-documented plan for the future, farmers certainly have some unique considerations. What does it mean to treat kids fairly when most wealth is in property? How can one keep farmland in the family? Advance planning on the part of...
Why procrastinating on estate planning can lead to litigation
Financial planning of any kind can often be met with procrastination. Estate planning in particular can be easy to put off to the future, especially for those who feel like death is a long way off. However, lack of planning and documentation is one of the main reasons...
Why estate planning is a good idea at any age
Young people are less likely to plan for what will happen after they pass on. There are many reasons for this: young people are at lower risk for suddenly passing away, they may think they don't have enough assets for it to be worthwhile, and many find it an...
How even careful planners can leave families in estate litigation
Many think that conflict over an individual's estate primarily occurs if someone does not leave a plan behind. But, the truth is, even those who feel they have a fairly solid estate plan in place can lead their families down a road to litigation by missing some...
Complications from gray divorce could fuel estate litigation
Planning the future of one's wealth can become complicated when former spouses, remarriages and blended families are in the mix. When a long marriage ends, estate planning might be one of the last things on the minds of those involved. However, if these...