About Us
Gilmore & Gilmore Professional Corporation established in 1986 is based in Alliston, Ontario, Canada. We are specialists in Wills, Powers of Attorney, Estate Law, Estate Litigation and offer extensive Estate Administration Services. Our Real Estate team handles a broad range of deals with a strong reputation for handling complex situations quickly and effectively.
Author Archives: gg_admin
Cutting kids out of your Will (Disinheriting)
DISINHERITING … When parents draft Wills they occasionally decide that one or more of their children should receive less than their other children. In some cases parents decide to leave nothing to one or more of their children. There are … Continue reading
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Are Joint Accounts part of an Estate?
ARE BANK ACCOUNTS PART OF THE ESTATE ASSETS? It is not uncommon for parents to make their bank accounts joint with one or more of their children. This is particularly so when the parents are quite elderly. When an account … Continue reading
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Estate Accounts need to be kept in a specific format
FORMATTING ESTATE ACCOUNTS Executors of estates are required to keep detailed accounting records. These records include: • Original assets of the estate; • All capital and revenue received by the estate; • All capital and revenue paid out by the … Continue reading
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Treatment of CPP Death Benefit by the Estate
CPP DEATH BENEFIT AND HOW THE ESTATE NEEDS TO HANDLE IT If you have contributed to the Canada Pension Plan (“CPP”), you will be entitled to a CPP death on your death. The amount of the death benefit will depend on … Continue reading
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Getting “Out” of a Real Estate Transaction
GETTING OUT OF A REAL ESTATE DEAL The decision to purchase or sell a home is not one that should be taken lightly. An Agreement of Purchase and Sale, the standard agreement entered into during a real estate transaction, is … Continue reading
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Investments Under Power of Attorney
ESTATE ADMINISTRATION – INVESTMENTS UNDER POWER OF ATTORNEY An Attorney acting under a Power of Attorney for Property is required to be careful with investments. If the Power of Attorney for Property of the incapacitated person gives specific authority to make certain types of investments, an attorney … Continue reading
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Options After the Death of a Spouse: Equalization
EQUALIZATION AFTER DEATH OF SPOUSE IS AN OPTION A Spouse has options to ensure that they receive appropriate financial support from the Estate of their deceased Spouse. When a spouse dies, the surviving spouse does not necessarily have to accept whatever … Continue reading
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Probate Tax – How much does it cost?
PROBATE TAX – WHAT IS IT AND HOW MUCH DOES IT COST? What is Probate tax? It is a provincial tax imposed on the deceased’s estate under the control of an executor or administrator. How much will the probate tax be … Continue reading
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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
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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
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