Monthly Archives: March 2024

No Will, Spouse or Children: Where Do Your Assets Go on Death?

NO WILL AND NO OBVIOUS HEIRS? NOW WHAT? Contrary to popular belief, the government does not automatically take the assets of a person who dies without a will leaving no spouse or children to inherit. The Succession Law Reform Act … Continue reading

Posted in Blog | Comments Off on No Will, Spouse or Children: Where Do Your Assets Go on Death?

Buyer Fails to Close Real Estate Purchase

BUYER FAILS TO CLOSE REAL ESTATE PURCHASE The Ontario real estate market experienced a significant correction in the spring of 2017 with the foreign buyer 15% tax imposed by the provincial government for GTA properties and the new Mortgage Stress … Continue reading

Posted in Featured | Comments Off on Buyer Fails to Close Real Estate Purchase

CPP Survivor’s Pension

ESTATE ADMINISTRATION – CPP SURVIVOR’S PENSION If your spouse contributed to CPP, you may be eligible to receive a CPP survivor’s pension. To qualify you must be the legal or common law spouse of the deceased. The amount of the … Continue reading

Posted in Blog | Comments Off on CPP Survivor’s Pension

Estate Property and Vesting

ESTATE PROPERTY MAY “VEST” 3 YEARS AFTER THE DATE OF DEATH As a general rule, real estate that has not been transferred by an Executor / Estate Trustee of the Estate will “vest” in the beneficiaries of the Estate 3 … Continue reading

Posted in Featured | Comments Off on Estate Property and Vesting