It’s a common misconception that debt disappears when someone dies — but this isn’t usually the case, especially when inheriting a house with debt. While you may not be personally responsible for a decedent’s loans, the debt must still be addressed, or the house risks foreclosure. 11 Mar

Inheriting a House with Debt: Understanding Your Options

When we are young and vulnerable, our parents protect and care for our every need. As time moves on, we grow up, our parents age, and along the way, we fail to think there could ever be a day that they would be the ones that need looking after. 26 Jan

Managing the Costs of Caring for Aging Parents in Canada

When someone dies owing more money than their estate contains, the situation becomes an insolvent estate. Understanding the laws governing insolvent estates is crucial for anyone appointed as an estate trustee. 23 Oct

Complete Guide to Understanding Insolvent Estates in Ontario

If you’re building wealth for future generations, open communication and clear planning are just as important as investment strategies. These stories offer practical lessons for anyone hoping to pass on wealth— or simply keep their family together... 27 Aug

Wealthy Families That Lost Everything Over Generational Feuds

Losing a loved one is never easy. What makes it even harder is when this loss is compounded by uncertainty about what happens to their debts... 10 Aug

Are You Responsible for a Deceased Loved One’s Debt in Canada?

Are you planning to leave real estate to a loved one under your Will? Do you want that property to be transferred free of debt or other claims? Language matters! 08 Aug

Navigating Bequests of Real Estate: Language Matters!

Huntington Hartford II, heir to the A&P grocery fortune, experienced a significant financial decline due to a series of failed ventures and lavish spending habits, ultimately leading to bankruptcy.  08 Aug

Heir to A&P Grocery Fortune Forced to File for Bankruptcy

Spendthrift trusts help ensure that beneficiaries can’t squander their inheritance. They can also serve to protect assets from creditors. Rather than allowing the beneficiary to receive a lump sum, the trustee releases the money incrementally. 07 Aug

Spendthrift Trusts: What Are They and How Do They Work?

Dealing with the loss of a loved one is overwhelming, and the complexity of probate court can add to the stress. Clear communication about fee responsibility allows families to focus on honoring their loved one’s wishes... 26 Jul

Probate Attorney Fees: Who Covers These Costs?

Acting as an Estate Trustee can be challenging. It is important to appoint an individual who is responsible and reliable to fulfil this role as they have a fiduciary responsibility to the beneficiaries. 18 Jul

What is an Estate Trustee? What are their Responsibilities?

Estate Administration: The Biggest Mistakes Executors Make 04 Jul

Biggest Mistakes Executors Make During Estate Administration

Executor Liability: Administration of an Insolvent Estate 03 Jul

Insolvent Estate Administration: Why Transparency is Crucial