While a letter of wishes is not legally binding, it can still serve as a useful tool and an added “personal touch” to an estate plan, offering clarity on decisions, ensuring wishes are understood and guiding those involved in the administration of the estate. 22 Aug

The Letter of Wishes: A Personal Touch to Your Estate Plan

In Canada, most trusts are separate legal entities taxed under strict rules in the Income Tax Act. Proper structuring is essential to reduce tax and avoid reporting issues. Regular reviews with your accountant and estate planning lawyer help prevent surprises. 14 Aug

Taxation of Trusts in Canada: How Does it Work?

The term "executor" itself is used across many legal systems and cultures. Other terms like "estate trustee" and "estate representative" are also used, but the core function remains the same: managing the estate according to the will. 14 Aug

Estate Executor: Role —by any other name— Remains the Same

Following the death of Ozzy Osbourne, headlines turned to an alleged change to his will, in which Ozzy stipulated that his widow, Sharon, is to receive a dozen black roses a week for the rest of her life... 14 Aug

Ozzy Osbourne’s “Black Roses” Request

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?

An executor has both authority and legal duty. With that comes potential risk. Acting without proper guidance can expose you to delays, disputes, or even personal liability. This article highlights the top five executor missteps and how to steer clear of them... 03 Aug

Top 5 Mistakes Executors Make & How To Avoid Them: Ontario

Trusts let you control how and when your assets are passed on. The stipulations you outline in the trust can help your beneficiaries use it wisely. 01 Aug

Comprehensive Guide to the Many Different Types of Trusts

Learn how to establish a trust fund that supports your child's future success. Discover practical steps and essential tips. 28 Jul

Life Events: How to Set Up Trust Fund for Your Child

Recent Ontario Court of Appeal ruling reaffirms the modern cost approach in estate litigation: trustees who fail in their duties may not only be removed but may also bear the personal financial burden of their choices. 22 Jul

Personal Liability for Costs Due to Breach of Fiduciary Duty: Ontario

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

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?

To file a dependant support claim against an estate, you must file a Notice of Application with the court and provide supporting evidence in an affidavit, typically within six months of the estate trustee being appointed.  15 Jul

How to File a Dependant Support Claim Against an Estate