All About Estates

Scotiatrust

Total 158 Posts Website

A few considerations for estate planning for clients with Quebec-based assets living elsewhere in Canada.

One of the joys of estate planning in Canada is that the law varies from province to province. Most of the country follows common law and we in Quebec follow the civil code. For those of you working outside of Quebec, you may encounter clients with assets in Quebec. With…

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Collections as Estate Assets

For some, collecting is a way of life.  Unique legal and practical issues arise for an executor when an estate includes a collection.  In this article, I explore some of those issues when dealing with collections of fine wine, cultural artifacts, and firearms.   Wine During COVID, the Ontario government…

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The Gift of Peace of Mind: Estate Planning during the Holiday Season

  As the holiday season approaches, our thoughts naturally turn to gift-giving, festive gatherings, and the joy of spending time with loved ones. Amidst the holiday cheer, it is important to recognize the profound gift of peace of mind that comes with a well-considered estate and trust plan.  While estate…

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Modernizing Ontario Wills: a case update

In Ontario, Bill 245, a large omnibus Bill, the Accelerating Access to Justice Act 2021 (AAJA) received Royal assent on April 19, 2021. It made amendments to many Ontario statutes. Schedule 9 of this Act made significant changes to the Succession Law Reform Act, R. S.O. 1990, c.S. 26 (SLRA)…

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Does your Will reflect your wealth transfer wishes?

Today’s post was written by Diana Leopardi – Estate and Trust Consultant at Scotiatrust. What can be worse than having a Will that does not reflect your wealth transfer wishes…that is, not having a Will at all! Suppose you have a Will in place, it is prudent to ensure that…

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Identifying Dependants

This post is written by Alicia Mossington, Estate and Trust Consultant with Scotiatrust. Individuals have considerable testamentary freedom in Ontario (and other provinces). The ability to distribute an estate how you choose, is a common law principle that is deeply entrenched. In Ontario, and most provinces, the court has limited…

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Chain of Executorship

THIS BLOG WAS WRITTEN BY ANTHONY PRANATA, ESTATE & TRUST CONSULTANT, SCOTIA WEALTH MANAGEMENT   What is harder than being the executor of an estate? Being the executor of two estates simultaneously. If you are thinking there is no way this would happen to you as long as you are…

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THE IMPORTANCE OF GOOD ADVICE IN ESTATE PLANNING

This Blog was written by Emily Racine, Estate and Trust Consultant with Scotia Wealth Management  Estate planning is a complex and emotional process under the best of times. Adding on the natural intricacies that accompany mixed families and second marriages only further adds to these emotional complexities. While it is…

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The Famous Tractor Case

This Blog was written by: Taylor Sergeant When I read about this famous case out of Saskatchewan it immediately spoke to me: my father is a farmer, and anytime I hear anything about tractors or farming, my ears perk up, and I am always immediately interested. The facts: June 8,…

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Questioning the Actions of Trustees

This Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management    What happens if a beneficiary believes that a trustee is acting improperly, or refuses to distribute funds? United States Senator Dianne Feinstein is suing the trustees of a fund set up by her late husband,…

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