Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law Toronto for Thursday April 20, 2017. Today we are talking about Wills and Estates. Life insurance policies that designate a beneficiary become that beneficiary’s property on the day the insured dies. They don’t become part of the insured’s estate and they are not subject to estate tax.For ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law Toronto for Thursday April 13, 2017. Today we are talking about Wills and Estates. Everyone who applies in Ontario for a Certificate of Appointment of Estate Trustee is required to file an Estate Information Return within 90 calendar days after a Certificate of Appointment of Estate Trustee ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday April6, 2017. Today we are talking about Wills and Estates. In Ontario, you may complete a Power of Attorney for Personal Care to appoint one or more trusted persons to make medical decisions on your behalf in critical circumstances where you are unable to provide ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday March 30, 2017. Today we are talking about Wills and Estates. Where a person dies without a will, an intestacy arises. Ontario’s Succession Law Reform Act establishes rules for the distribution of an intestate deceased person’s property. An intestate person’s spouse inherits the first $200,000 ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law Toronto for Thursday March 23, 2017. Today we are talking about Wills and Estates. Ontario strictly requires that a Will be signed by the person making the will and be witnessed by two people who are not beneficiaries. If these formal requirements are not met, a Will ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFacts from Wise Law for Thursday March 16, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net A Last Will must provide adequately for dependents who relied on the testator for financial support. ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday March 9, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net When a person dies in Ontario, and no next of kin claims an inheritance from the ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday March 9, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net When a person dies in Ontario, and no next of kin claims an inheritance from the ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday March 2, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net. A post shared by Wise Law Office (@wiselaw) on Mar 2, 2017 at 7:43am PST When ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday March 2, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net. A post shared by Wise Law Office (@wiselaw) on Mar 2, 2017 at 7:43am PST When ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday February 16, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, and Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net A post shared by Wise Law Office (@wiselaw) on Feb 16, 2017 at 6:31am PST ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday February 16, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, and Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net A post shared by Wise Law Office (@wiselaw) on Feb 16, 2017 at 6:31am PST ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday February 9, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, and Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net. A video posted by Wise Law Office (@wiselaw) on Feb 9, 2017 at 6:21am PST ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday February 9, 2017. Today we are talking about Wills and Estates. For more information on Employment Law, Family Law, and Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net. A video posted by Wise Law Office (@wiselaw) on Feb 9, 2017 at 6:21am PST ...

Wise Law Blog: Using Estimated Values of Estate Assets to Begin Estate Administration

BY PAUL B. ADAM, ASSOCIATE LAWYERA common practice in Ontario that has allowed an Estate Trustee to get going with the management of an Estate, before the precise value of each asset is known, is to file an application for a certificate of appointment with best estimate values of certain assets. Such an Application is ...

Wise Law Blog: The Executor’s Roadmap – Part 1: Death and the Funeral

BY PAUL B. ADAM, ASSOCIATE LAWYER This series of articles will cover the many stages that an executor (now also known as an “Estate Trustee”) must pass through in managing the affairs of a deceased- from the immediate aftermath of death, to the final distribution of the Estate. Even if there are no legal challenges ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday January 26, 2017. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Jan 26, 2017 at 6:35am PST A last will cannot have provisions that run contrary to public policy. For instance, a will cannot descriminate against ...

Wise Law Blog: Trustee Compensation: Small Numbers That Add Up

BY PAUL ADAM, ASSOCIATE LAWYER Some might feel that being an Estate Trustee is an utterly thankless job. I’m here today to tell you thatisn’t totally accurate. Trustees are entitled to a small ‘thank you’ in the form of a tariff on the work they do. Unfortunately, calculating the size of the tariff and getting ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday January 19, 2017. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Jan 19, 2017 at 6:33am PST If a deceased person owed support to a spouse or child under the Family Law Act, they may also ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday January 12, 2017. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Jan 12, 2017 at 7:07am PST An estate trustee is entitled to be paid for the work they do on behalf of the estate. The ...

Wise Law Blog: LawFact of the Day: Wills and Estate

Here is your daily LawFact from Wise Law for Thusrday January 5, 2017. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Jan 5, 2017 at 6:54am PST A last will can leave instructions for who will have custody of the deceased’s children. These custody appointments are ...

Wise Law Blog: Life Insurance: Your Money’s Life After Debt

BY PAUL B. ADAM, ASSOCIATE LAWYER In a post last week, I made reference to the argument that estate assets should be taxed after death, forjust the CRA, though! Many people, sadly, depart owing substantial sums to creditors, on mortgages, banks debts, credit cards, and other unfortunate contingencies of life.the betterment of society. How fortunate are ...

Wise Law Blog: LawFact of the Day: Wills and Estate

Here is your daily LawFact from Wise Law for Thusday December 22, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Dec 22, 2016 at 7:06am PST Life insurance policies that designate a beneficiary become that beneficiary’s property on the day the insured dies. The proceeds ...

Wise Law Blog: LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday December 15, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Dec 15, 2016 at 7:13am PST Everyone who applies in Ontario for a Certificate of Appointment of Estate Trustee is required to file an Estate ...

Wise Law Blog: The (Dreaded) Ontario Estate Information Return

“What my thankless job managing an estate needs is more expense and paperwork,” said no Executor ever. Nonetheless, the Ontario Estate Information Return has arrived and is here to stay. Effective January 1, 2015, every Executor or Estate Trustee who obtains a grant of probate (also known in Ontario as a certificate of appointment) must ...