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
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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
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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
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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
Continue readingWise 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
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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
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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
Continue readingWise 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
Continue readingWise Law Blog: Powers of Attorney for Personal Care: Great Power with Great Responsibility
BY PAUL B. ADAM A Power of Attorney for Personal Care is a document that sometimes gets referred to, or thought of, as a “living will” or “advanced care directive”. Those names have been introduced into our everyday terminology by way of television and the internet, but neither capture exactly
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Here is your daily LawFact from Wise Law for Thursday December 8, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Dec 8, 2016 at 7:19am PST In Ontario, you may complete a Power of Attorney for Personal Care to appoint
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Here is your daily LawFact form Wise Law for Thursday December 1, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Dec 1, 2016 at 6:45am PST Where a person dies without a will, an intestacy arises. Ontario’s Succession Law Reform Act establishes
Continue readingWise Law Blog: Getting It Right: Formal Requirements for Your Last Will and Testament
BY PAUL B. ADAM, ASSOCIATE LAWYER Remember the old expression, “close enough” only works with horseshoes and hand grenades?Keep this in mind when drafting your Last Will and Testament. The law is very clear about the formal requirements that must be met for a Will to be validated. So, along
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Here is your daily LawFact from Wise Law for Thursday November 24, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Nov 24, 2016 at 6:54am PST For an Ontario will to be valid, it must be signed by the person
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Here is your daily LawFact from Wise Law for Thursday November 17, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Nov 17, 2016 at 6:59am PST A last will cannot have provisions that run contrary to public policy. For instance,
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Here is your daily LawFact from Wise Law for Friday November 11, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Nov 11, 2016 at 6:47am PST Ontario’s probate fees are $250 for the first $50,000 of an estate’s value and
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Here are your daily LawFacts from Wise Law for Friday October 28, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Oct 28, 2016 at 6:39am PDT Estate property over $200,000 is divided between the deceased’s spouse and children, in proportions
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Here is your daily LawFact from Wise Law for Thursday October 20, 2016. Today we are talking about Wills and Estate. A video posted by Wise Law Office (@wiselaw) on Oct 20, 2016 at 7:23am PDT A last will can leave instructions for who will have custody of the deceased’s
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Here is your daily LawFact from Wise Law for Friday Octiber 7, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Oct 7, 2016 at 6:32am PDT For an Ontario will to be valid, it must be signed by the person
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Here is your daily LawFact from Wise Law for Thursday September 29, 2016. Today we are talking about Wills and Estates. A video posted by Wise Law Office (@wiselaw) on Sep 29, 2016 at 6:18am PDT In Ontario, you may complete a Power of Attorney for Personal Care to appoint
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Here is your daily LawFact from Wise Law for Thursday September 22, 2016. Today we are talking about Wills and Estates.A video posted by Wise Law Office (@wiselaw) on Sep 22, 2016 at 6:25am PDTA last will can leave instructions for who will have custod…
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