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Toronto Ontario Estate Law Blog
Powers of Attorney: Jurisdictional Challenges
A power of attorney (“POA”) is a legal document in which one person, sometimes termed the “grantor”, appoints another person – the attorney – to make decisions and act on the grantor’s behalf. In Canada, POAs are governed by provincial and territorial laws. Two types of POAs are used in
The Cautionary Tale of Mutual Wills
Estate planning deals with often complex family situations, including the needs of blended families with complicated personal relationships. The goal of estate planning is to ensure your intentions for your loved ones are carried out. There are several ways to address blended family and second marriage situations so that the
Critical Dates in Estate Administration: What You Need to Know
When a loved one passes away, whether it is expected or not, their death begins not only the process of grieving by those left behind, but also the process of dealing with what the deceased family member has left behind. There is often uncertainty and apprehension felt by those in
Embracing Change
We all sense the increasing speed of change that permeates all aspects of our everyday lives. Whether it’s technology, political or economic events, or even the weather with climate change, the constant is change itself. And with constant change comes the need to adapt to it, or even better –
Digital Assets: Modern Realities Versus Lagging Legalities
Our digital asset inventories – electronic tools, digital currencies, files, and various online accounts – continue to grow. Five years ago, the McAfee Digital Assets Survey estimated that Canadian consumers valued their digital assets at over $32,000 per person, which is not an insignificant matter from an estate administration perspective,
2018 Update on the UN Convention on the Rights of Older Persons
December 10, 2018 marks the 70th anniversary of the Universal Declaration of Human Rights which was a milestone in 1948 for protecting human rights. Surprisingly, older persons are not yet expressly identified as a protected group under international human rights laws. In acknowledgment of the Declaration, the UN International Day
The Fine Art of Cottage Co-Ownership
“When people are divided, the only solution is agreement.” John Hume Since we are all human, where there’s family, sooner or later there’s friction. Unfortunately, all too often the family cottage can become the source of such friction. Everyone has probably heard at least one unfortunate story about family members
Update on the European Succession Regulation – What Every Canadian with EU Connections Needs to Know
It’s been almost three years since our last blog on the European Succession Regulation. It seems timely to check the pulse and see what impact it is having on estate planning and administration. As a refresher, the Regulation came into effect on August 17, 2015 and applies to all European
Appointing an Executor Under a Will: A Modern-Day Dilemma
Earlier this week, O’Sullivan Estate Lawyers participated as one of the gold sponsors of the STEP Canada (the Canadian branch of the Society of Trust and Estate Practitioners) 20th National Conference in Toronto, which annually brings together trust and estate specialists from across Canada and other countries to share knowledge
Never Too Young To Start: Estate Planning
Millennials are a loosely defined group of people (those born approximately between 1981 to 2001) who are now beginning to enter the workforce and acquire their own assets. With an aging population it is inevitable that there will be a significant wealth transfer between baby boomers and millennials over the