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Understanding Estate Administration Tax
Estate Administration Tax (“EAT”) formally known as probate fees, is a tax charged on the total value of the deceased’s estate and is paid to the government of Ontario at the time that an estate is submitted for a certificate of appointment of estate trustee or more...
Parents Beware – Joint Ownership with Adult Child
One of the most common estate planning techniques is adding a child as a joint owner on a bank account, investment, or real estate property.
What Information Must an Estate Trustee Disclose to Beneficiaries?
An estate trustee owes a fiduciary duty to the beneficiaries of an estate. Beneficiaries have the ability to force the estate trustee to perform their duties and obligations.
What Happens If You Die Without A Will?
When a person dies without a Will, called “intestate”, the Ontario Succession Law Reform Act sets out how the deceased’s estate is distributed.
Dependant’s Support Claims – A Guide
The law in Ontario acknowledges that there is a moral obligation for the needs of dependants, including children, parents and spouse to be given adequate support from one’s estate. Ontario law has acknowledged that certain relationships trump a testator’s freedom to...
Why you need a Will – Simple Steps to Getting Started
Every adult should have a will; however, many Canadians don’t. According to an Angus Reid Institute Survey from January 2018, 51% of Canadians had no last will or testament, while 35% of Canadians have one that wasn’t up to date. In Canada, if someone dies without a...
Disinherited? What are your options?
The mere fact that you were left out or treated unequally in a Will may not be enough to contest or challenge it. The law in Ontario stands for testamentary freedom…