estate & trust Archives - All About Estates

What Happens if Something Happens to your Executor?

By Betty Laidlaw • January 27, 2023 • 0 Comments

Choosing who to name as the executor of your estate is an important decision to make when preparing your will (and a topic on which other All About Estates blogs have been written). But what happens if something happens to your executor, and they are unable or unwilling to act?…

Will The Vacant Home Tax Impact Use of the Principal Residence Exemption; Estate Planning Considerations

By Tamar Silverbrook • January 20, 2023 • 0 Comments

Overview The Ontario government has enabled municipalities to enact a tax on vacant residential units in their regions (Granted under Part IX.1 of the Municipal Act).[1] Each municipality has to pass a By-Law stating the tax rate and conditions of vacancy that, if met, make a property subject to…

Valuation of Interests in Discretionary trusts and Family Law

By Steven Frye • January 10, 2023 • 0 Comments

These days, it is quite common to find intergenerational wealth transfer to consist of property held in a discretionary family trust whose beneficiaries may or may not have been in marital relationships at the time of the time the trusts were created. A siginifcant number of legal and financials issues…

As You’re ‘Checking Your List’, Don’t Forget Your Year End Tax Planning

By Corina Weigl • December 23, 2022 • 0 Comments

As the holidays approach, so too does December 31st or the end of a calendar year. This date can mean different things to different people. For those in the business of estate and tax planning, the spectre of December 31st often leads to calls from clients who are looking to:…

The Secret Language of Estates, and Inflation

By Betty Laidlaw • December 2, 2022 • 0 Comments

Estates clerks and lawyers “speak” their own language. We use acronyms or initialisms[1] such as CAET, EIR, RCP, ARI, AET, GRE, POA and COLA. We use abbreviations like Benys and T’ees, and we draw triangles. The idea for this blog was born when reflecting on having to interpret a lawyer’s…

Considerations When Trustees are Involved in Transactions

By Tamar Silverbrook • November 25, 2022 • 0 Comments

Approaching year end, you increasingly may be fielding calls from corporate lawyer peers who are closing transactions in which trusts are involved. For example, trusts may be direct vendors or sellers, or, perhaps HoldCos are the sellers, but one or more trusts own the shares of the HoldCos. This blog…

ELDER ABUSE: A GROWING PROBLEM IN AN AGING POPULATION

By Fasken • November 18, 2022 • 0 Comments

Today’s blog is co-written by Jennifer Campbell and Sandra Arsenault, Senior Law Clerks in the Private Client Services Group at Fasken. At the beginning of November, we were fortunate enough to attend the Institute of Law Clerks of Ontario (ILCO) annual conference in Niagara-on-the-Lake. This conference brings together law clerks…

Anything New with Passing of Accounts?

By Betty Laidlaw • August 26, 2022 • 0 Comments

Much has been written about the significant changes to the Ontario court probate forms and processes that came into effect on January 1, 2022, and more recently the July 1, 2022 amendments. But, is there anything new with passing of accounts? Surprisingly, there have been no changes to the court…

Estate Sleuthing

By Betty Laidlaw • June 3, 2022 • 0 Comments

As a law clerk working in the area of estate administration, we often have to act as “detectives”. For example, we may have to conduct searches to determine whether or not the deceased had a Will. We may need to track down the beneficiaries named in the Will or piece…

What Happens When a Shareholder (Voting) or a Director Becomes Incapable; Powers of Attorney for Property and Shareholder Agreement Drafting Tips

By Tamar Silverbrook • May 20, 2022 • 0 Comments

This is Part II of my saga on addressing circumstances of incapacity, Part I can be found at: https://www.allaboutestates.ca/powers-of-attorney-for-property-implications-of-obtaining-a-formal-capacity-assessment/. Part II, being this blog post, addresses two situations that we, as estate planners, are commonly asked about: Director becomes incapable – who can sign for them? Shareholder (voting) becomes incapable…

Tag: estate & trust

What Happens if Something Happens to your Executor?

Will The Vacant Home Tax Impact Use of the Principal Residence Exemption; Estate Planning Considerations

Valuation of Interests in Discretionary trusts and Family Law

As You’re ‘Checking Your List’, Don’t Forget Your Year End Tax Planning

The Secret Language of Estates, and Inflation

Considerations When Trustees are Involved in Transactions

ELDER ABUSE: A GROWING PROBLEM IN AN AGING POPULATION

Anything New with Passing of Accounts?

Estate Sleuthing

What Happens When a Shareholder (Voting) or a Director Becomes Incapable; Powers of Attorney for Property and Shareholder Agreement Drafting Tips

Sign Up For Daily Email

Font Resizer

Contributors

Recent Posts

Topics

Archives

Links