Monthly Archives: August 2024

Forcing an Executor to Account

FORCING ACCOUNTS Executors of an estate are required to disclose the value of an estate and to document as well as explain the accounting of the estate to all beneficiaries. Beneficiaries of an estate often complain that they are not … Continue reading

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Incorporating Your Business: Liability Considerations

  LIABILITY AND BUSINESS INCORPORATION There are many positive reasons to incorporate your business or professional practice. The main reason lawyers recommend clients consider incorporating is to limit personal liability with respect to the corporation’s actions. Unlike a sole proprietorship … Continue reading

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Automatic Revocation of Wills

AUTOMATIC REVOCATION OF WILLS IS MANDATED BY LAW IN ONTARIO There are situations where a validly drawn will can be automatically revoked with no express intention on the part of the owner of the Will. The two most common situations … Continue reading

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Estate Planning for Farm Property

CAPITAL GAINS ARE HANDLED DIFFERENTLY WITH FARMLAND When an individual dies any farmland they own is treated differently than land containing that individual’s principle residence. On the death of a taxpayer, farmland can be transferred (sold) on a rollover basis … Continue reading

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