All About Estates

New Year, New You?

Most peoples’ new year’s resolutions include going to the gym more often, eating healthier, losing weight, spending more time with family and friends, saving more money and getting more sleep, to name a few, but what about reviewing your estate plan?

If you have experienced any significant changes in your family or financial circumstances in the past year, you should add reviewing your estate plan to your list of new year’s resolutions and make that one a top priority.

The following are some examples of events in your life that may trigger a review of your estate plan:

  • You get engaged, married, separated or divorced.
  • Your child gets married, separated or divorced.
  • You live in a conjugal relationship for over a year.
  • You have a child.
  • You have a grandchild.
  • You have a significant new asset.
  • You are facing financial difficulties.
  • Your spouse or child is facing financial difficulties.
  • You move to another jurisdiction.
  • Your appointed executor/trustee moves to another jurisdiction.
  • Your child moves out of the country.
  • You are facing health issues.
  • Your spouse or child is facing health issues.
  • Your spouse or child becomes incapacitated.
  • Your spouse or child dies.
  • Your appointed executor/trustee becomes ill or dies.
  • You no longer have contact with your child.
  • You no longer have contact with your appointed executor/trustee.
  • You begin financially supporting your adult child.

As well, there may have been changes in the law that impact your estate plan. Make reviewing your estate plan your most important resolution for this year.  Don’t delay.  Speak to your solicitor today about whether your estate plan needs to be revisited.

About Brittany Sud
Brittany Sud is a member of the Trust, Wills, Estates and Charities Group at Fasken, Toronto office. Brittany is developing a broad estates and trusts practice with a focus on planning and administration matters. As part of her practice, Brittany assists high net worth clients, entrepreneurs and professionals with Wills, powers of attorney, domestic contracts and trusts. She has experience developing and implementing cohesive estate plans that reflect the financial objectives and short and long-term goals of clients, including advising on probate planning, family business succession planning, asset protection strategies and disability planning. Brittany’s estate administration practice includes preparing applications for probate and administering the Canadian estates of non-residents. Outside of the office, Brittany enjoys playing softball and tennis, travelling and cooking. She is a dedicated volunteer of the United Jewish Appeal, Jewish National Fund, One Family Fund and Baycrest Foundation. Community Involvement • Host, Baycrest Foundation - Game Night for Baycrest, 2015 • Chair, Pitch for Israel Softball Tournament, 2014-2016 • Vice-Chair, United Jewish Appeal Young Lawyers Leadership Campaign Canvassing Team, 2016 Memberships and Affiliations • Member, Canadian Bar Association • Member, Ontario Bar Association - Trusts and Estates Law Section • Member, Ontario Bar Association - Young Lawyers’ Division • Student Member, Society of Trusts and Estates Practitioners (STEP) Canada


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.