Category Archives: Featured

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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Life Insured Mortgages

ARE THEY AN APPROPRIATE ESTATE PLANNING TOOL FOR YOUR REAL ESTATE INVESTMENT? When purchasing a home, most buyers require a mortgage to finance the purchase. In the midst of all the paperwork and information a bank requires to approve a … Continue reading

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Exceutor’s Authority and Responsibilities – How much?

HOW MUCH AUTHORITY DO EXECUTOR’S REALLY HAVE? The authority of an Executor or Estate Trustee comes from the wording of a Will (if there is one), the various Estate Administration Statutes and previous cases that have been decided by Courts. … Continue reading

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Cutting kids out of your Will (Disinheriting)

DISINHERITING … When parents draft Wills they occasionally decide that one or more of their children should receive less than their other children. In some cases parents decide to leave nothing to one or more of their children. There are … Continue reading

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