A separate situs will is a will that complies with the laws of a specific jurisdiction ("situs") where you own property. It is a strategy to manage multi-jurisdictional assets and can help reduce probate fees and other administrative burdens... 12 Aug

Estate Planning Terminology: Separate “Situs” Wills

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?

In Ontario, the term "executor" is now often replaced with "estate trustee" to more accurately reflect the fiduciary role they play in managing an estate. This change is not Canada-wide, but specific to Ontario's legal terminology.  21 Jul

Executor vs. Estate Trustee: Ontario Specific Legal Terminology

Inheritance Disputes: What is 'Scorched Earth' Litigation? 10 Jul

Inheritance Disputes: What is ‘Scorched Earth’ Litigation?

Estate Planning and Succession Planning— What exactly are the differences between the two? And which one do you need to plan for a secure future for your loved ones? 04 Jul

Estate Planning vs. Succession Planning

Using the correct terms is critical in wills, trusts, and other legal documents because these words have significant implications. The wrong word can lead the probate Court to incorrectly interpret your documents and therefore cause an unintended result. 20 Jun

Commonly Confused Legal Terms for Describing Your Loved Ones

It's important to carefully consider who you appoint as your digital executor and to provide them with the necessary information to carry out their responsibilities. You may also want to provide instructions on how to handle your digital assets, such as which accounts should be closed, which information should be shared, and how digital property should be distributed.  05 Jun

Estate Planning Designations: What is a “Digital Executor”?

In estate planning, the "right of survivorship" refers to a legal principle that, in joint ownership arrangements, the surviving owner(s) automatically inherit the deceased owner's share of the property or asset without it going through the probate process. This is a key feature of joint tenancy, which allows for a smoother and faster transfer of ownership upon death.  27 May

Definitions: Understanding the “Right of Survivorship”

Fiduciary Duty: Definition & Different Types Explained 25 May

Fiduciary Duty: Definition & Different Types Explained

Frequently Asked Questions: What is "Right of Survivorship"? 22 May

Frequently Asked Questions: What is “Right of Survivorship”?

Post-mortem estate planning refers to legal and tax strategies that can be implemented after a person’s death, aimed at minimizing total tax obligations, avoiding double or even triple taxation, and ensuring a smooth, effective transfer of wealth to beneficiaries. 21 May

Post-mortem Estate Planning: Legal & Tax Strategies

An estate freeze is a strategy used to lock in the current value of an individual’s estate for preserving wealth, minimizing tax consequences, lowering probate fees, and ensuring the smooth transfer of assets to the next generation. 13 Apr

What Is An Estate Freeze & How Does This Strategy Work?