Being an executor is no easy task. While it can be a great honor, the role comes with significant responsibilities and potential risks. Before agreeing to serve as an executor, make sure you understand the scope of your duties and the possible hazards involved.  16 Mar

Surprising Hazards of Being an Executor: Know the Risks!

Estate planning and long-term care planning should go hand in hand. A well-prepared plan ensures that assets are managed properly, healthcare preferences are honored, and family members are not left struggling to make last-minute financial decisions. 15 Mar

Estate and Long-term Care Planning Should Go Hand in Hand

Sudden wealth is often seen as a dream come true. But the reality is far more complex— What losing $14 Million taught estate planning attorney, Paul Deloughery, about sudden wealth and inheritance... 14 Mar

$14 Million Lesson: The Hidden Dangers of Sudden Wealth

A common misconception about donor advised funds is that they are trusts, charitable purpose trusts. At times, lawyers, especially those with expertise in trusts and estates, struggle with this distinction, as do donors. 13 Mar

Donor Advised Funds vs. Charitable Purpose Trusts

Economic uncertainty, inflation and the decline of workplace pensions have left growing numbers of Canadian seniors unable to leave their jobs. What can aspiring but anxious would-be retirees do? 13 Mar

Why “Unretirement” May Be the Fate of So Many Canadians

For a loved one struggling with an addiction, a direct inheritance could be dangerous. However, disinheriting an addicted adult child is NOT the only option. Thankfully, there is an alternative estate planning solution available. 12 Mar

Before You Disinherit a Loved One Struggling with Addiction…

In Canada, inheritance laws are primarily governed by the provincial and territorial laws rather than a single federal law, as inheritance matters are under provincial jurisdiction. However, certain general principles apply across the country... 12 Mar

Inheritance Laws in Canada: Understanding Provincial Jurisdiction

While contemplating the possibility of incapacity can be uncomfortable, preparing for it with Powers of Attorney and Living Wills is a crucial aspect of responsible planning. By taking these steps, you can ensure your wishes are respected during challenging times. 11 Mar

Planning for Incapacity: Powers of Attorney & Living Wills

Although still commonly used, in Ontario the term "probate" stopped being officially used on April 1, 1995 (no joke…). What is the process to obtain a Certificate of Appointment, with or without a will? This article answers some of the most common questions... 11 Mar

Frequently Asked Questions About Certificates of Appointment

Understanding your rights as a beneficiary is pivotal when navigating the complexities of trust and estate matters. When beneficiaries are informed and involved, it fosters a climate of fairness and confidence in the legal proceedings. 10 Mar

Shedding Light on Beneficiary Entitlements During Probate

Sometimes, an estate’s debts and liabilities are greater than its assets. In Canada, an insolvent estate can only be assigned into bankruptcy with the court's permission. This is specifically outlined in Section 49(1) of the Bankruptcy and Insolvency Act (BIA). 10 Mar

Assigning an Involvent Estate into Bankruptcy: Canada

Can You Decline or Step Down as Power of Attorney in Canada? 10 Mar

Can You Decline or Step Down as Power of Attorney in Canada?