A different kind of trust, a different set of rules

Monday, July 28th, 2014

In 21 x 3, I wrote about three, sometimes tricky, trust rules:  the 21-year deemed dispositon rule; the rule against accumulations; and, the rule against perpetuities.  Following the post, I realized I had not been specific enough when a reader - esteemed charitable foundation advisor and former colleague, David Windeyer - ...

To tell or not to tell: the sequel

Wednesday, May 28th, 2014

My associate Paul Fensom recently raised the matter of speaking to your family about your Will. Paul opined that while there is no legal (or moral) obligation for a testator to discuss the terms of their Will with family, where the estate distribution may cause beneficiaries to be surprised and/or ...

The Survey Says and “Walmart Wills”

Thursday, May 1st, 2014

My colleague and fellow blogger, Paul Fensom, recently discussed a Scotiabank poll which found that about 50% of Canadians have a Will in place and only 33% have prepared a Power of Attorney (POA) for Property. Eight percent of those polled said they did not know what a Power of ...