Conflicts related to someone's estate plan can quickly go from a disagreement to a full-blown family war when parties cannot agree. Emotions can run high; disputes can push relationships past their breaking points; grudges can arise or reemerge. One way to minimize...
Toronto, Ontario Law Blog
Who should be my substitute decision-makers?
If there comes a time when you are not able to speak for yourself, someone else will step in to make decisions for you. The decisions will have a very real impact on you and your legacy, so it is crucial that you appoint the right people to step in as your substitute...
Bankruptcy by the numbers
If you are struggling with debt, a day probably never goes by when you are not thinking about your financial challenges. If you are considering bankruptcy to help you manage your financial situation and have your unsecured debts wiped away, there are some significant...
Young, unmarried or no kids? You should still have an estate plan
People often make the mistake of thinking they only need an estate plan if they have kids, a sizable estate or are nearing retirement. However, the fact is that every adult can benefit from having this type of protection in place. If you are a young adult A survey by...
Should I file for bankruptcy?
The answer to the question in the headline, perhaps frustratingly, is maybe. Filing for bankruptcy can provide incredible relief to some consumers struggling with debt, but it is not the right solution for everyone. If you are wondering whether you should file for...
Estate plans: When ‘one-size-fits-all’ does not fit you
Making decisions regarding complicated, sensitive topics like end-of-life care and what you want your legacy to me is no easy task. While there are tools out there that can make it easier for you, not all shortcuts help you get where you want to go. As discussed...
Signs your parent is a victim of undue influence
Losing a parent is painful, even if you were not on the best terms with them or were not as close as you might have liked. And the situation can become even more upsetting if you or someone else in your family suspects your parent was the victim of undue influence...
Important considerations when it comes to trusts
Trusts are valuable tools for many Canadians. However, people often overlook them when they are making other estate planning decisions. If you are looking ahead and making plans for your legacy, a trust could be an essential part of your goals. Do I need a trust?...
Don’t fall for debt relief scams
Money problems are not something Canadians typically advertise. They may not want to talk about their financial troubles or reach out for help, and they may struggle with feelings of embarrassment and desperation. Unfortunately, being in this position makes them...
Tips for talking to your kids about their inheritance
One of the most critical elements of both your legacy and estate plan is what you leave to your children. Preparing them for what they will or will not receive can make the transfer of wealth less contentious and maximize the financial gifts you leave behind....
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