People who die without having made any plans for their estates could be making the grieving process even more difficult on their loved ones. With the ease of estate planning now, Ontario residents need not put this important task off; better yet, they shouldn’t put it...
It’s likely the one single thing that leads most parents to plan for the future is their children. No one likes to think about death. However, if you have minor children, it is crucial to do some estate planning for those unforeseen events that occasionally happen....
Some people think once they have an estate plan in place, they don’t need to think about it anymore. But there is more to estate planning that you should know about – and some major mistakes to watch for. The first significant mistake is not having an estate plan at...
Parents want to make sure their children are taken care of once they’re no longer around. Most Ontario residents leave their children an inheritance when working on their estate planning documents. However, lately there has been an upswing in the numbers of...
There are some people who need help in managing their financial affairs. In these cases, a financial planner may be sought out. But how does financial planning differ from estate planning in Ontario? They sound the same, but in this case one thing is not like the...
Some people are so stressed out over writing an estate plan that it actually becomes harder than it needs to be. Firstly, it’s important to understand that you don’t have to navigate estate planning alone. There are professionals who may be of great help like lawyers,...
People have become more tech savvy over the last decade or so. It’s safe to say that younger people in Ontario -- millennials who were born between 1981 and 1996 -- look at estate planning very differently than their grandparents or parents did. For this generation,...
It has been said that there are two certainties in life: death and taxes. And both these things apply when it comes to estate planning for Ontario residents. Estate administration taxes or probate fees are a fact of life and death. The fee coincides with the total...
Bill 245 has received royal assent, and that means some pretty major changes when it comes to writing estate plans. That bill in Ontario affects the Succession Law Reform Act and Substitute Decisions Act, which have been amended so that people can witness powers of...
Inheritances in Canada are expected to climb to a level as high a $1 trillion over the next decade. Experts say both testators and beneficiaries in Ontario need to be prepared with proper estate planning measures. With this information in hand, estate planning may...
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