RENTAL ITEMS AND A HOUSE PURCHASE
In Ontario, it is not unusual to find rental items in a home that is being sold. Such items may include the hot water tank or an alarm system. It is also common for the new owner of the home to agree to assume the contracts of these rental items when they purchase the house. Continue reading
WHY YOU NEED A POWER OF ATTORNEY FOR PROPERTY
A Power of Attorney for Property appoints one or more people to act for you (they are called Attorneys, even though they may not be lawyers) in relation to your various assets and liabilities. A Power of Attorney for Property may authorize the attorney to do anything you can do except make a Will. You can restrict the nature of the Power of Attorney, either with respect to its commencement and/or expiry date, or with respect to which of your assets and liabilities the attorney can deal with. Continue reading
LOGMEIN REMOTE WORK SOLUTION
LogMeIn is a computer application that allows you to remotely control a computer. If you have LogMeIn installed on your office computer, you can remotely access and control that computer from any other computer that also has LogMeIn installed on it. LogMeIn can also be installed on portable devices like an IPad or IPhone (the IPhone screen is a little small however). Continue reading
CHARITABLE GIVING
Planned or charitable giving is a unique opportunity to “have your cake and eat it too”. A gift to a charitable organization can help you take full advantage of incentives offered by governments as it relates to estate planning and estate taxes while allowing you to provide for charitable organizations that are close to your heart. Continue reading
HOME OIL TANK REGULATIONS YOU NEED TO KNOW
New requirements for the installation and inspection of fuel oil tanks (above and below ground) were introduced by the Technical Standards and Safety Authority (TSSA) in October 2001 to reduce the number of fuel oil leaks and spills that occur throughout the province each year. In November 2002 the TSSA advised all owners of fuel oil heating systems of the requirements to have their heating systems inspected by qualified oil burner technicians, and the need to register their underground (buried) fuel oil storage tanks with TSSA. Continue reading
IMPORTANT STEPS AND THE COLLECTION OF PROBATE TAX
On January 1 2013 the amendments to the Ontario Estate Administration Tax (EAT and commonly known as Probate Tax) announced in the 2011 Ontario Budget became effective. There have been several audits since.
Key elements of these amendments that Estate Administrators / Executors need to be aware of are: Continue reading
ESTATE LITIGATION AND LIMITATION PERIODS
In Ontario, there is a general two-year limitation period in which a person can bring a claim in court on a civil matter. Whether or not this limitation period applies to estate matters can be dependent upon the situation at hand.
The two year limitation period is subject to a concept called ‘discoverability’. This means that the two year limitation period does not start to run until the time that a person knows, or reasonably could have known, that the cause of action occurred. Continue reading
WHAT IS ILA AND ITS ROLE IN REAL ESTATE DEALS?
There are situations where one or more people involved in a real estate transaction will be required to obtain independent legal advice prior to the deal closing. Continue reading
ESTATE ASSETS – WHAT YOU NEED TO KNOW AND WHEN
When beneficiaries of an estate come to see me, they often are not aware of the extent of the estate assets.
A Will does not usually have the details of the assets in it. There is a good reason for that. If you list the assets in the will, the will has to be changed when assets are acquired or disposed of. Continue reading
BASECAMP PROJECT MANAGEMENT BRILLIANCE
Basecamp is a web-based project management tool that was created in 2004 by 37 Signals.
Utilizing Basecamp in a legal setting offers many unique opportunities. The one that really excites us at Gilmore and Gilmore is the ability to create projects for each of our clients then invite them to participate. Now rather than having to go back and forth exchanging communications filling our inbox with updated versions of assorted documents, we are able to consolidate the work in one place. Continue reading
