Author Archives: gg_admin

What to do with the deceased’s cards?

ESTATE ADMINISTRATION – WHAT TO DO WITH ALL OF THE DECEASED’S CARDS? There are different requirements and recommendations relating to the various cards when someone dies – credit cards, health card, Social Insurance Card, etc. – once those cards are … Continue reading →

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Power of Attorney With Only One Witness

POWER OF ATTORNEY FOR PROPERTY WITH ONLY ONE WITNESS Prior to 1995 the law did not require 2 witnesses to a Power of Attorney for Property. The law was changed in 1995 to require 2 witnesses. Provided a pre-1995 Power … Continue reading →

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Holograph Will – Write your own Will

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 →

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How Can I Pay Funeral Expenses?

HOW CAN I PAY FUNERAL EXPENSES? When a person dies, unless they have prepaid for their funeral, this expense will have to be paid by the Estate Trustee or Executor. Often there are no funds available to pay the funeral … Continue reading →

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Emotional Issues, Succession Planning and Family Businesses

SUCCESSION PLANNING IN FAMILY BUSINESSES CAN BECOME BOGGED DOWN BY EMOTIONAL ENTANGLEMENT Family is the key word in Family Business. The emotional and historical ties that bind the family together can positively and negatively impact the viability of the Family … Continue reading →

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Mortgage Prepayment Penalty

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 →

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Using a Power of Attorney to Close a Real Estate Transaction

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 →

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Pre-arranged Funerals

MOST ONTARIO FUNERAL HOMES WILL ALLOW YOU TO PRE-ARRANGE YOUR FUNERAL You can also prepay your funeral but that is not necessary in order to pre-arrange your funeral. For more information click HERE. Most people arranging funerals for loved ones … Continue reading →

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