A collection of 60 posts
简体版 | 繁體版 By Winnie J Luk Every adult should have a will. Surprisingly, more than half of adults in Ontario do not have one. Having a will: 1. ensures that your wishes are respected, and 2. avails your loved ones and beneficiaries with more of your possessions and estate by
Read more中文版 By Winnie J Luk In many situations, a couple may jointly consult with a lawyer to have mirror or reciprocal wills prepared for each of them. The mirror or reciprocal wills generally provide for all of one spouses' or partner's assets to pass to the other,
Read more简体中文版 | 繁體中文版 The Estate Trustee is/are the person(s) you appoint to carry out your personal wishes in your will. The role of an Estate Trustee is a position of trust that bears much responsibility. There are a number of tasks involved and some of these include arranging the
Read more简体版 | 繁體版 Advance care planning is the process by which you may consider options about future health care decisions and let others know of your personal care preferences in the event that you become incapable of consenting to or refusing treatment or other care. An Advance care plan may involve
Read more简体版 | 繁體版 A Continuing Power of Attorney for Property is a legal document in which you may give someone else the legal authority to make decisions about your financial affairs for you. The person who you appoint is called "the attorney" yet does not have to be a
Read more简体版 | 繁體版 Along with a will, an affidavit of execution should be prepared. This is a document where a witness affirms or swears that she or he and another witness were present when the will was signed. The affidavit of execution must be commissioned by a commissioner of taking affidavits
Read more简体版 | 繁體版 If you own estate in different countries, it may be possible to prepare a single international will to cover your various estate assets situated in different countries. However, there are limitations to the use of an international will and clients will be able to opt for it. Another
Read more简体版 | 繁體版 It is not uncommon today for family members to relocate abroad for school, career, family, or to pursue other personal interests. These expatriates will often sever specific ties to Canada in order to maintain a non-resident of Canada status for the purpose of not requiring to file Canadian
Read more简体版 | 繁體版 The alter ego trust was introduced in the Income Tax Act in 2000. It is the equivalent of the Joint Spousal and Common-law Partner Trust, but for single adults. he strategy behind this new type of trust is to enhance estate planning opportunities for seniors. Advantages of the
Read more简体版 | 繁體版 A variety of family trusts may be created for the benefit of family members as part of your estate planning. Testamentary Trusts These are trusts created within your will and are typically for the benefit of young children or vulnerable persons. Trusts for Benefit of Young Children Typically,
Read more简体版 | 繁體版 The Joint Spousal and Common-law Partner Trust was introduced in the Income Tax Act in 2000. It is the equivalent to the Alter Ego Trust, but for couples. The strategy behind this new type of trust is to enhance estate planning opportunities for seniors. Advantages of the Joint
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翻譯： 陳彥萱 Landmark Law is presents wills and estate planning seminars at companies and in non-profit settings. We are pleased to share the following slides with English and Chinese translation. If you would like us to present a workshop at your organization or require assistance with your Ontario will or
Read more简体版 | 繁體版 By Winnie J Luk If you have loved ones with special needs who are receiving support from the Ontario Disability Support Program (ODSP), you should consider creating a Henson Trust for them. A Henson Trust is a type of trust designed to benefit people receiving ODSP payments. It
Read more简体版 | 繁體版 By: Winnie Luk The following are some payments that may be made by the trustee on behalf of the beneficiary without affecting his or her entitlement to Ontario Disability Support Program (ODSP): * Principal residence * Secondary property approved for health/wellbeing * Primary car * Second car up to $15,000
Read moreBy Winnie J Luk Under s. 61(1) of the Ontario’s Trustee Act, Executors and trustees are entitled to be compensated for their work in the administration of estates. The Act contains no specific rules as to the calculation and amount of the compensation. However, the courts generally applies
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