Author Archives: gg_admin

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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ODSP Eligibility and Income

ODSP ELIGIBILITY AND INCOME The Ontario Disability Support Program provides eligible people with disabilities with income support to pay for living expenses such as food and housing. Eligibility for this program, as well as the amount of income support you … Continue reading

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A Family Meeting and Estate Planning

FAMILY MEETINGS AND SECURING YOUR LEGACY A Family Meeting can be an effective component of Estate Planning. If you have a complex Estate or you will be creating an imbalance in the division of your assets amongst your children, a … Continue reading

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Alternate Executors and Beneficiaries

ALTERNATE TRUSTEES AND BENEFICIARIES Many people who seek to have their Wills drafted are adults whose children have already reached the age of majority and moved away from home. In cases such as these, many people would question the need … Continue reading

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Legalese and Its Role in Your Will

LEGALESE IN YOUR WILL – WHY? You decide that you should have a will written to protect yourself and your assets upon your death. You decide what you want this important document to say and get lawyer to draft it. … Continue reading

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Security Bond for Statutory Guardian

STATUTORY GUARDIAN – SECURITY BOND The Public Guardian & Trustee (“PGT”) of Ontario becomes the statutory guardian of any person in Ontario who becomes incapable without having a Continuing Power of Attorney for Property. It is possible for someone (usually … Continue reading

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Will Distribution Age

AGE AT TIME OF INHERITANCE MATTERS If you do not specify the age(s) at which your children are to receive an inheritance from you, they will receive it at age 18. Very few children have the maturity to handle a … Continue reading

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Accessing the Canada Pension Plan

CANADA PENSION CHILDREN’S BENEFIT A child who has lost at least one parent who was a CPP contributor may qualify for the CPP Children’s Benefit. A child is defined as being under the age of 18 or being between the … Continue reading

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