Wills & Estates

Survivorship Application in Ontario

Survivorship Applications in Ontario

What is a Survivorship Application? A Survivorship Application in Ontario is a legal procedure used when one owner of a property held in joint tenancy passes away. In such instances, the property is automatically passed to the surviving joint tenant(s) without going through probate or being included in the deceased’s estate for distribution. This process …

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Digital Estate Planning

Digital Estate Planning & Social Media: 7 Key Considerations

Our virtual possessions and online footprints have become a fundamental aspect of our legacy in the present digital era. Digital assets, such as personal photographs stored in the cloud or monetized online platforms, possess sentimental and monetary value. Therefore, it is crucial to address these assets in a detailed and secure manner when planning for …

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Role of Executor Estate Administration

Role of the Executor: Estate Administration and Asset Management in Ontario

When an individual passes away, the process of settling their affairs, distributing their assets, and ensuring that their wishes are carried out falls under the purview of estate administration. Executor is the person responsible for overseeing these tasks. Executors play a pivotal role in managing and distributing the deceased person’s assets following the law. Role …

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Probate Process in Ontario

Probate Process in Ontario: Common Challenges

The probate process is a pivotal aspect of estate administration in Ontario, serving to authenticate a deceased individual’s Will, clear outstanding debts, and distribute assets to rightful beneficiaries. Although it is an essential legal procedure, the probate process in Ontario can be intricate and time-consuming. We will delve into the common challenges encountered during the …

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Wills and Trusts in Estate Planning

Wills and Trusts in Estate Planning: Key Differences

Estate planning allows individuals to determine how their assets will be distributed upon their passing and how their financial affairs will be managed. Two commonly used instruments in estate planning are Wills and Trusts. While both serve the purpose of asset distribution, they have distinct differences in their structure, function, and application. This article will …

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Testamentary capacity

Creating a Valid Will in Ontario: Legal Requirements for Testamentary Capacity

Creating a Last Will and Testament is a significant responsibility, allowing individuals to dictate how their assets will be distributed after passing. In Ontario, like other jurisdictions, specific legal requirements exist for a will to be considered valid. Testamentary capacity is one of the foundational requirements, which ensures that the person creating the Will has …

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Will in Ontario

Will in Ontario: Common Challenges to the Validity and How They Are Addressed

A Last Will is a legal document allowing Ontario’s individuals to dictate how their assets and estate should be distributed after their passing. However, the validity of a Will can be challenged on various grounds, leading to disputes and legal complexities specific to Ontario’s legal framework. In this article, we will delve into common challenges …

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Appointing Multiple Attorneys

Appointing Multiple Attorneys: What You Need to Know

While appointing an attorney to act on your behalf in your power of attorney, some people prefer to appoint a single individual as their attorney. However, there are instances where you might want to consider appointing multiple attorneys. This article aims to provide you with the information you might want to know about appointing multiple …

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Will Executor Lawyer

Key Considerations While Choosing an Executor For Your Will

One of the most important decisions you’ll make while creating your Will is who to appoint as your executor. Your executor will be responsible for carrying out your wishes in your Will and ensuring that your estate is distributed per your wishes. Therefore, choosing someone responsible, trustworthy, and capable of handling an executor’s responsibilities is …

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Small Business Estate Planning

Why Do Small Business Owners Need Estate Planning?

Estate planning is an important process not only for individuals but also for small business owners. You might have invested significant time, energy, and money into building your business as a small business owner. Therefore, you might want to ensure that your hard work is protected and that your assets are distributed according to your …

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