Valuation Date for Assets in an Estate
Summary: The court of appeal considers when undistributed property is valued.
In late 2013 the court of appeal considered Fray v Evans (2013 ONCA 776), an interesting case of when you value an undistributed property – the date of death or the current date.
Insurance Declarations and Separation Agreements – Never Easy
Summary: A frequent point of intersection between family and estates law are insurance clauses in separation agreements and their impact after the death of the payor spouse.
In the context of negotiating a separation agreement, a typical question is: are support obligations to be continued (or “secured”) after the death of the payor spouse?
The End of Perpetuity?
Summary: Hong Kong removed the rule against perpetuities this year and made some other amendments to their trust laws to make Hong Kong an attractive jurisdiction for trusts.