A holographic will is a handwritten and testator-signed document and is an alternative to a will produced by a lawyer. Being of sound mind is a crucial provision in determining the validity of a holographic will. Some states do not recognize holographic wills. 08 Jul

Holographic Will: Definition and State Requirements

What Is an Executor? Duties and Role in Estate Planning | An executor is the individual who carries out one's last will, ensuring that the stipulations and wishes of the deceased are carried out properly. 30 May

What Is an Executor? Duties and Role in Estate Planning

From the perspective of beneficiaries, interim distributions represent a lifeline of financial empowerment. This in-depth guide covers what they encompass, when they should be contemplated, and the profound significance they hold. 12 Apr

Timely Access to Inheritance: Demystifying “Interim Distributions”

While you may be familiar with common terms such as a will, a trust or an executor, you may not be as certain about others. For quick reference, here’s a glossary of key terms you may come across when planning your estate: 11 Apr

Quick Reference: Glossary of Common Estate Planning Terms

Understanding Probate in Canada: Everything You Need to Know | Probate is a crucial process in the Canadian legal system that ensures the deceased person’s estate is distributed according to their wishes. 21 Jan

Understanding Probate in Canada: Everything You Need to Know

In the complex world of Tax, Wealth and Estate Planning, navigating the myriad of options and making informed decisions is crucial. This is where professionals with specialized designations provide expertise and guidance. 02 Jan

Professional Designations in Financial Services: Roles & Definitions

Demystifying Estate Planning: Key Definitions You Need to Know | It’s easy to feel overwhelmed by legal jargon and complex terminology. Understanding these essential terms can transform the way you approach your legacy and financial future. 05 Sep

Demystifying Estate Planning: Key Definitions You Need to Know

In the legal world, “testamentary intentions” refer to a person’s wishes for the administration of their estate and distribution of their assets after death. 30 Aug

Testamentary Intention: The Interpretation of Wills

A will in terrorem clause, also known as a "No-Contest" clause, is a legal provision that can be included in a will to discourage beneficiaries from challenging its validity. This clause disinherits any beneficiary who contests the will, which means they will not receive any inheritance. 10 May

What is an “In Terrorem Clause” and How Does it Work?

Different Roles & Responsibilities: Trustee vs. Guardian vs. Executor 27 Apr

Roles & Responsibilities: Trustee vs. Guardian vs. Executor

A trust is a legal agreement between the person creating the trust, known as the settlor, and a trustee. The trustee is responsible for managing the trust's assets and distributing them according to the settlor's wishes. 14 Feb

Understanding Trusts: Estate Planning in Ontario

An inter vivos transfer is one made during the grantor's lifetime. Inter vivos gifts, which include property related to an estate, are not subject to probate taxes since they are not part of the donor's estate at death. 16 Jan

Inter Vivos Gifts: What Are They? How Do They Work?