A relative’s grudge can cause serious financial harm to your estate. A recent case shows how much damage can happen. We all have fights with our relatives. Thanksgiving and Christmas dinner are perfect examples of family gatherings where relatives air their grievances, addressing family issues in front of everyone. While nothing seems worse in the…
Throughout the past decade, technology has transformed the world immensely. Tools like social media and video messaging are subjects that people could only dream of 30 years ago. The practice of law has arguably been slower to embrace new technologies. Will and estate planning, however, just got a much-needed overhaul for 2017.
Draft Will Inclusion Clause Inclusion of Executor, Estate Trustee or Administrator Errors and Omissions Insurance I authorize my Trustee(s) to purchase, at the expense of my estate, such errors and omission insurance as my Trustee(s) determine(s) in his/her/their sole discretion is sufficient to protect my Trustee(s) against claims and losses arising from any error of…
Spending time at the family cottage is one of the greatest perks of Canadian living, yet along with all of those great memories comes the potential for an inheritance debate. Every family who owns a cottage will one day have to ask themselves, “how do we pass it on?” Unfortunately, there is no single answer…
Charitable gifts are steadily gaining popularity among Canadians. While including a charitable gift in your will is not a new concept, more and more people are choosing to make charitable gifts while they are still living, too. This seemingly perfect way to gift your assets to your loved ones and organizations comes with a warning,…
Canadians are embracing new digital technology and tools to help them in all aspects of their lives, including financial management. Estate planning must evolve in the 21st century to accommodate this new trend or else face leaving behind a frustrating digital maze for executors and beneficiaries to navigate. “86% of Canadians use at least one…
IN THE SUPREME COURT OF BRITISH COLUMBIA Citation: Forbes v. Millard Estate, 2017 BCSC 361 Date: 20170306 Docket: S161343 Registry: Victoria Between: Cherie Elizabeth Forbes Petitioner And Maureen Melodie Millard Bryce and Richard James Millard in their capacity as Executors of the Will of the late Helen Jacqueline Millard, deceased, Maureen…
The modern Canadian family looks very different than it did 50 years ago. Family dynamics are more complex and it makes inheritance planning a difficult task for most people. “In Canada, 12.6% of all families with children aged 24 or less – more than 460,000 Canadian families – are stepfamilies.” – Estate planning for complex…
Administering an estate can be difficult and bring about many questions. Keep reading to learn the answers to the top seven questions Canadians have asked ERAssure about their estates over the past five years.
Complex client estate disputes can often begin over the simplest things, like a pair of seasonal tickets. That exact situation was covered in a recent article by All About Estates, in which the passing of Mr. Chaim Neuberger caused friction between his daughter, Edie, and his company, Nuspor, over a pair of seasonal tickets for…
