Category Archives: Wills & Estate

  • TFSA and Estate Planning: A Powerful Tool When Properly Designated

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    Since the creation of Tax Free Savings Accounts (TFSAs) in 2009 a lot of Canadians have heard about these accounts and as of 2016, 9,974,130 Canadians have actually taken steps to open at least one TFSA.[i]  As the name suggests, any money contributed to these accounts and any income earned in such account is considered […]

  • New Year – New Will?

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    There are many reasons that you should consider updating your Will, one of the simplest reasons is that having your affairs in order and having an updated Will can make things easier and more stress free for your family members who may have to administer your estate. A good habit is to review your Will […]

  • What Does An Executor Do?

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    The Executor is the individual named in the will or appointed by court, whose role is to carry out the directions of the deceased person’s will. If there is no will, then the court-appointed Executor is responsible for administering the deceased person’s estate. The Executor’s role can be a complex and difficult role. The Executor’s […]

  • Plan your Estate with an Enduring Power of Attorney

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    An Enduring Power of Attorney allows you to plan for the administration of your affairs in the event that you become permanently or temporarily mentally incapacitated. It differs from a Last Will and Testament, which only becomes effective upon your death, and is necessary to ensure your assets are dealt with accordingly in such situations […]

  • Personal Directive Vs. A Will

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    A Will determines how a person’s property will be divided upon death, and a personal directive grants authority to an individual to make decisions on another’s behalf regarding non-financial matters before death. Planning for the unexpected, such as death and mental incapacity, is one of the best investments you can make.  During times of crisis, […]