Province declares Make-a-Will week in the wake of new estates legislation now in force
Changes include new probate procedures and undue influence in will-making
The strategy, which is applicable only in Ontario, uses a primary will that must go through the court system, where estate administration taxes will be applied, and a secondary will that does not have to go through the courts
For a successful wealth transfer, people need to let their heirs know about their intentions
Lack of will or power of attorney opens doors to legal complications
Make conversations about issues such as wills and POAs routine
Impending changes to Alberta’s wills and estates legislation should raise some red flags with financial advisors who deal with estate planning, some lawyers there say.
There are different tax implications for both courses of action, but the decision depends primarily on your client’s choice
Addressing key issues can ease a difficult and emotional situation
Canadian courts are setting limits when it comes to disinheiriting family members