All About Estates

Scotiatrust

Total 74 Posts Website

Powers of Appointment vs. Trusts – Failure to distinguish between them in Wills

This Blog was written by: David McPhee, Estate and Trust Consultant, Scotia Wealth Management  When the term “power of appointment” comes to mind, one often thinks of the provision in a will or inter vivos trust  deed which  creates a trust for a beneficiary for his or her lifetime, and…

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A Royal Estate

This Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management  Prince Philip, Duke of Edinburgh was born on June 10th, 1921 and passed away on April 9th 2021, at the age of 99. The Duke was born Prince Philip of Greece and Denmark but abandoned these…

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If you fail to plan, you plan to fail! What happens if you don’t have a Power of Attorney?

This Blog was written by: Taylor Sergeant, Scotiatrust  In my job at as a Trust Officer, I see the importance of incapacity and estate planning daily. I understand and appreciate the value of having the difficult discussions needed to plan for a time in which you may no longer be…

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March is Fraud Prevention Month

This Blog was written by Kimberley Ling, Scotia Wealth Management This past weekend I watched the movie ‘I Care a Lot’– very timely and relevant as March is Fraud Prevention month. In this fictional movie, the main character runs a disturbing guardianship business that preys on wealthy seniors, taking control…

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Power of Attorney for Property: The other sign of the coin

This Blog was written by Suzanna Walter, Estate and Trust Consultant with Scotia Wealth Management In my previous blog, Road Testing your Incapacity Plan, I reviewed incapacity planning from the point of view of the Grantor (the person appointing the attorney) in the Continuing Power of Attorney for Property (CPA)….

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Wills and Marriage: Should they go together like a horse and carriage?

This Blog was written by Emily Racine, Estate and Trust Consultant with Scotia Wealth Management Recently, the Ontario government announced changes to some important areas of estate law. One of these changes, which I would like to touch on, is a change to the rules which govern wills and marriages….

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Estate Planning – Effective Family Meetings

This Blog was written by Sara Hillier, Estate and Trust Advisor at MD Private Trust Company which is part of Scotia Wealth Management “Oh hey! We’ve been meaning to ask you. Will you be our estate executor[1]?” a parent inquires of their eldest child over brunch. “Of course! No biggie.” comes the…

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Love is in the Air. But be cautious

This Blog was written by Lara Besharat A romance scam, also commonly known as “catfishing”, is a fraudulent scheme, generally accomplished via social media or through an online dating platform, wherein a scammer feigns romantic interest in a target, develops a “relationship” with that person, and ultimately swindles them for money. Seniors…

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The Slayer Law in Canada Part II: Beneficiaries Gone Bad

This Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management  In December this author wrote about the common law forfeiture laws, colloquially known as “Slayer Law”, which precludes an individual from deriving a benefit from their own “morally culpable conduct.” In the context of the testator-beneficiary relationship,…

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Talking to Your Beneficiaries About Your Estate Plan

This blog was written by Emily Rosen Having conversations with beneficiaries and being honest about your intentions will set expectations early on and minimize any surprises during an already difficult time. According to a study conducted by Nielson (2014), 46% of Canadians have not spoken to their family about their…

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