A short while ago, I decided to divest myself of some comic books I’d been holding onto for many, many years. A quick search on Kijiji led me to a local potential buyer. He offered a modest payment which I accepted.
Love and money, a sometimes toxic mix.
The numbers are staggering. One in 12 older Canadians are abused or neglected.
I have encountered parents who are extremely worried about their challenged children’s financial well bein on theri death…isn’t it more effective to raise this issue now?
“Charitable giving is a growing priority for many Canadians”, Joshua E. Thorne, Senior Will & Estate Planner, Scotia Private Client Group. If you want to learn more about this expanding area, read on…
“The role of an estate trustee can really be a thankless task”. So ended Justin’s blog on June 20th. The fact there is now an insurance product available to protect estate trustees in the event they are successfully sued by a disgruntled beneficiary only underscores this truism.
There is no global test for capacity. Capacity is a task specific concept. The threshold capacity for making a Will is not necessarily the same as may be required for managing a simple bank account or for providing investment instructions in respect of a multi-million dollar portfolio. What should we be looking for when dealing with older clients wishing to prepare a Will?
In addition to the long list of adminsitrative duties involved in administering an estate, a great number of decisions have to be made. When the Estate Trustee is a company, how are these decisions made?
Before adding your adult child to your bank account for “convenience” or to save probate fees, read this.
“…the mistakes that are made most often tend to be simple missteps or faulty assumptions…”
