Archive for the ‘Guardianship’ Category

POWERS OF ATTORNEY AND ALTER EGO TRUSTS

Tuesday, September 16th, 2014

My fellow bloggers and I have written in the past about the ins and outs of legitimate probate fee avoidance arrangements available to a testator. These arrangements include an intervivos transfer of assets such as alter-ego trusts. Care and advice must be taken to ensure that the transfer of assets ...

Testamentary Custody

Monday, June 30th, 2014

I was recently asked how parents can ensure that the guardian of their choice takes custody of their minor child or children in the event that both parents die simultaneously. In Ontario, parents (or any other person with custody of the child) can nominate someone to assume custody of their ...

Common Misconceptions about Why People Do Not Have a Power of Attorney for Personal Care

Thursday, May 29th, 2014

On April 23, 2014, Paul Fensom blogged about how so few Canadians have Powers of Attorney yet the number of people making Wills is increasing. He referenced a Scotiabank study conducted by Nielson (formerly Harris/Decima), showing that only 33% of Canadians have Powers of Attorney while 50% have Wills. This ...