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What is Incapacity Planning?
3 Minute Read WHAT IS (IN)CAPACITY? Capacity refers to the legal ability of an individual to make certain decisions for themselves such as regarding their assets, personal care, or healthcare. Capacity is task-specific, time-specific, and it can fluctuate throughout a person’s lifetime. All adults (over the age of 18) are legally presumed to be legally
What is Insolvency?
2 Minute Read When someone dies with insufficient assets to meet the claims of their creditors, they leave an insolvent estate. What happens to an insolvent estate? Let’s discuss. In the case of an insolvent estate, this means the debt exceed the assets resulting in the likelihood that the estate all goes to creditors and
What is Fiduciary Duty?
2 Minute Read WHAT IS A FIDUCIARY? A fiduciary refers to an individual who has the responsibility of looking after a person or their affairs considered to be vulnerable or where there is a dominance in the relationship, such as: WHAT IS FIDUCIARY DUTY? Fiduciary duty refers to the obligation of a fiduciary to act
What is Intestacy?
2 Minute Read Over 50% of Canadians do not have a Will. This means that almost 19 million Canadians are at the risk of passing without a Will in place. But what happens if you die without a Will? If someone dies without a Will (known as dying intestate), their estate is administered according to
Introduction to Charitable Gift Planning
3 Minute Read Charitable gift planning is catered to individuals who would like to gift to charities and non-profit organizations in their lifetime and/or after passing. Once an individual identifies what charitable cause or organization they wish to support, they can incorporate charitable gifts in their estate plan through various charitable vehicles, such as: In
Frequently Asked Questions (FAQs)
This Frequently Asked Questions (FAQs) page addresses some of the most common inquiries we receive concerning the areas in which we practice! DISCLAIMER: The questions, answers, and articles on this page should NOT be interpreted as legal advice tailored to your specific situation, concerns, or challenges. The information on this website relates to laws specific