Revocable Trusts For Dummies admin, May 11, 2025 If you have ever thought about ways to protect your assets, avoid probate, or have a clear plan for what happens to your property when you’re gone, learning about revocable trusts can be a great first step. Although estate planning might sound complicated, understanding the basics of a revocable trust…
Probate Estate Management |Executor’s Authority admin, May 11, 2025May 11, 2025 In Ontario, an Estate Trustee generally cannot mortgage real estate owned by the estate without obtaining probate first. Here’s why: The question of whether Section 25 of the Ontario Estates Act impacts an executor’s ability to mortgage real estate held by the estate is nuanced and has not been definitively…
Passing of Accounts Probate | Passing of Accounts admin, April 22, 2025 In a probate proceeding, the “Passing of Accounts” refers to a process where the executor or administrator of an estate presents an account of their administration to the court and interested parties. Not always, but this typically occurs after the executor has settled the estate’s debts and distributed the assets…
Estate Planning Taxation of Trusts in Canada admin, November 13, 2024November 13, 2024 Understanding Taxation of Trusts Trusts play an important role in estate planning and wealth management, serving various purposes from protecting assets to providing for beneficiaries. In Canada, the taxation of trusts can be complex, influenced by their structure, type, and the nature of their income. Understanding how trusts are taxed…
court challenges Challenging a Will | Undue Influence admin, November 2, 2024 Challenging the Validity of a Last Will and Testament on the Basis of Undue Influence Creating a Last Will and Testament is an essential step for individuals who wish to ensure their assets are distributed according to their wishes after death. However, disputes can arise regarding the validity of a…
Estate Planning Trusts | Advantages to an Estate admin, November 1, 2024November 1, 2024 Understanding the Advantages of Setting Up a Trust for Estate Management When planning for the distribution of your assets after passing, you may come across the term “trust.” While many may associate trusts with the wealthy elite, they can offer significant benefits to individuals and families of all financial backgrounds….
court challenges Challenging The Validity Of A Will | Undue Influence admin, June 23, 2024May 14, 2025 Understanding the Grounds for Challenging a Will: Focus on Undue Influence Definition of undue influence in the context of wills and estate planning Undue influence in the context of wills and estate planning refers to a situation where an individual exerts pressure on someone else to make changes to their…
testamentary capacity Challenging The Validity Of Wills admin, June 23, 2024June 23, 2024 Understanding Testamentary Capacity in Will Contests Explanation of what a will is and why its validity is crucial A Will is a legal document that outlines how a person wishes to distribute their assets and property upon their death. It is a crucial document that helps to ensure that the…
Uncategorized Executors Duties And Responsibilities admin, June 23, 2024November 2, 2024 Understanding the Role of Executors in New Brunswick: A Roadmap of Duties and Responsibilities Definition of an executor and the significance of their role in the administration of a Will An executor is a person named in a will or appointed by a court to carry out the administration of…
Uncategorized What Is Probate? admin, June 20, 2024May 3, 2025 Understanding Probate in New Brunswick: A Guide to the Legal Process Definition of probate and its role in managing a deceased person’s estate Probate is the legal process of administering the estate of a deceased person. It involves validating their will (if one exists), identifying and inventorying the deceased person’s…