Estate Planning

Just because a couple or an individual is childless doesn’t mean estate plans should be put on hold. Many single residents and childless Ontario couples should still consider estate planning since assets must go somewhere after one’s passing. For those who don’t have...

People who are in their 20s and 30s rarely think about having a comprehensive estate plan in place in case they should pass away unexpectedly. After all, even though life can be unpredictable, those young in age typically have a while to think about these things. It...

Many Ontario farmers want to keep the farm in the family after they have passed away. If this is the case, it can be crucial to understand the dynamics of farm succession planning in conjunction with estate planning. Due diligence on this will allow farm owners to...

There is an old adage that says the only certainties in life are death and taxes. While one is unavoidable, the other can be minimized when it comes to paying taxes in Ontario related to one’s estate plan. The estate of a deceased person must pay administration tax...

When parents have a disabled adult child, they likely think often about the future of their child. In these cases, when Ontario parents begin estate planning, special consideration should be made for the care of their child. Of course, there are the financial aspects...

Many people don’t realize that witnessing a will is often as easy as putting their signatures on the document. In Ontario and the rest of Canada, there are safeguards in the law that protect against undue influence regarding estate planning documents, including the...

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...

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...

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...

Upcoming changes to laws could impact the way many people handle estate planning. New estate planning laws in Ontario will influence how wills are produced, especially for those who are married, living in common-law unions or who are separated. These changes affect...