3 Minute Read NOTE: This article uses the term “attorney” in reference to an attorney under a Power of Attorney or substitute decision-making document, and should not be confused as referring to a lawyer. A Power of Attorney is a legal document that lets you (the ‘grantor’) appoint someone (the ‘attorney’) to make personal care […]
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5 Minute Read A Will is a legal document that outlines how you would like your assets distributed after death. The “testator” refers to the individual creating the Will. A Will is important to have because it: There are several variations of the basic Will. Let’s discuss. MULTIPLE WILLS Creating more than one Will has
2 Minute Read The role of the estate trustee is vital to the proper administration of an estate! The estate trustee ensures that the deceased’s wishes are fulfilled in winding up their estate. In today’s article, we briefly overview the duties of an estate trustee. The purpose of an estate trustee is to realize estate
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2 Minute Read All fiduciaries (estate trustees, attorneys under powers of attorney, guardians, and trustees of a trust) are legally obligated to keep accurate records and accounts of their management of assets. Sometimes, a fiduciary will be required to bring an application to pass their accounts to Court: in this article, we discuss the nature
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3 Minute Read Trusts can be very powerful financial planning tools. They can, however, become complicated. In this article, we briefly introduce the concept of a Trust. A trust is a legal arrangement that allows individuals (settlor or grantor) to transfer assets to a trustee to hold and manage for the ultimate benefit of a
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5 Minute Read Trusts can be very powerful estate planning tools. They are, however, incredibly complicated. In this article, we briefly introduce different types of trusts and their purposes. Generally, a trust is a legal arrangement to allow individuals (settlor or grantor) to transfer assets to a trustee to hold and manage for the ultimate
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
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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
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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
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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
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SWEATMAN LAW FIRM OAKVILLE
217 Speers Rd, Unit 14
Oakville, ON, L6K 0J3
Phone: 905.337.3307
Fax: 905.337.3309
SWEATMAN LAW FIRM GEORGETOWN
145 Mill St.
Georgetown, ON, L7G 2C2
Phone: 905.337.3307
Fax: 905.337.3309
