Category Archives: Blog

WRITING YOUR OWN WILL IS REFERRED TO AS A HOLOGRAPH WILL Contrary to popular belief, an Ontario Will may be valid even if there are no witnesses to the Will. If a Will is made entirely in the handwriting of … Continue reading →

MORTGAGE PREPAYMENT PENALTIES If you have a closed mortgage and you sell your property (or refinance it) you will be charged a prepayment penalty. The amount of the penalty will be determined by the terms of your mortgage. In Ontario … Continue reading →

IT IS BECOMING MORE DIFFICULT TO USE A POA TO CLOSE A REAL ESTATE DEAL People who are buying or selling a house may consider having a Power of Attorney so someone else can sign for them if they are … Continue reading →

ESTATE ADMINISTRATION – ESTATE INVESTMENTS An Estate Trustee (Executor) is required to be careful with estate investments. If the Last Will and Testament of the deceased person gives specific authority to make certain types of investments, an executor can make those … Continue reading →

THE MISUSE OF POWERS OF ATTORNEY A Power of Attorney for Property gives one or more individuals the authority to deal with your assets and liabilities. If there are no limitations in the Power of Attorney (and usually there are … Continue reading →

MANAGING REAL ESTATE ASSETS If the Deceased owns a house or other real estate, there are some basic steps you will want to take immediately to ensure the security of the real estate asset(s). Consulting a a lawyer about these … Continue reading →

BUYER ISSUES WITH MORTGAGE FINANCING With Canadians taking on ever bigger mortgages, the Federal Government introduced new “Stress Test” mortgage rules in 2018.  In addition to financially qualifying for your mortgage now, you must also qualify for the amount of … Continue reading →

WHAT ARE A BENEFICIARY’S RIGHTS? If you are the beneficiary of an estate, what information should you expect from the executor / estate trustee and what happens from your perspective as a beneficiary? First of all, in Ontario there is … Continue reading →

INCORPORATING YOUR BUSINESS AS AN ESTATE PLAN There are several aspects of incorporating your business that can become important when estate planning is considered. The structure of your business incorporation and your plans for your shares after your death should … Continue reading →

IS A CORPORATE EXECUTOR RIGHT FOR YOU? When you prepare your Will you will need to select one or more executors to administer your estate . People will often select their spouse as their initial executor and their children as their alternate … Continue reading →