Inheritance can be a mixed blessing, especially when it involves complex assets. In Canada, certain types of property can create unique challenges for heirs. Real estate While real estate is a valuable asset, it may come with maintenance expenses and management...
Advance care documents: Essential parts of your estate plan
Estate plans are an immensely valuable tool for Canadians. These plans can provide critical direction and guidance regarding financial and legal matters that can arise when a person passes away. However, plans for end-of-life care or long-term care will also be...
4 reasons siblings end up fighting during estate administration
Losing a parent at any age is a complicated and often devastating experience; it can become even more complex when siblings fight over the administration of an estate. Unfortunately, this is not uncommon. There are some situations that happen more often than people...
What should I have in my estate plan?
Creating an estate plan can be overwhelming. There are a lot of emotions and legal details involved, and it can be very easy for people to put off until it's too late. However, taking it one step at a time can make this process less intimidating. When you are ready to...
3 accessibility issues that could compromise your legacy
Creating an estate plan takes time, money and energy. After putting so much into it, you should feel confident that when the time comes, others can carry out your wishes properly. However, accessibility issues could prevent them from doing this. No one can find your...
When is it a good time to change my will?
A new year provides us with a new chapter and a new year to look forward to. It also marks the time when laws and tax changes go into effect. With so much newness surrounding us, now can be an excellent time to take a fresh look at your estate plan. Doing so can help...
Tips for talking about an estate plan with your loved ones
Discussing end-of-life plans and legacies is something that can make people uncomfortable. As a result, too many people pass away or become incapacitated without having talked about their wishes with their loved ones. Rather than put off this discussion with the...
Disagree with an executor’s decisions? What you can do
When someone you love passes away, the legal process of settling their affairs can be enormously stressful and upsetting. The parties charged with these responsibilities must take them seriously and make decisions in the best interests of your loved one. If you feel...
Who will manage your digital decisions and property after death?
People who do not have significant assets may assume they will not benefit from an estate plan. However, every adult has interests worth protecting. For instance, if you become incapacitated or pass away, do you know who will manage your digital accounts and property?...
Placing limits on a representative’s authority
Granting someone the authority to act on your behalf is not a decision to make lightly. Even if you love and trust the other person, they are still independent people capable of making mistakes and bad choices. As such, it can be wise to consider placing limits on the...