Wills and Estates

What is a Memorandum to a Will?

By on Aug 1, 2017 in Wills and Estates

What are they? They are a special document that goes with a will They are used to give personal possessions to loved ones; they are useful for letting an Estate Trustee know who you want to receive certain items There are two types of Memoranda (not the technical terms): Discretionary Mandatory The differences are: The main difference between the two are that the...

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What happens to insurance proceeds if the designated beneficiary dies?

By on Mar 21, 2017 in Wills and Estates

A person who purchases life insurance is called the policy holder or policy owner. Life insurance policies typically allow the policy holder to designate a beneficiary to receive the proceeds of the insurance when the person dies (assuming the life that is insured is that of the policy holder). In some cases, an alternate can also be selected, but, what happens if...

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Powers of Attorney for Property and Personal Care what they are and how they differ

By on Mar 28, 2016 in Wills and Estates

Powers of Attorney for Property are used to give someone else authority to deal with your property and your obligations with respect to Property Powers of Attorney for Personal Care are used to give someone authority to deal with matters related to your health and personal care and can also be used to express your wishes in that regard The Substitute Decisions Act,...

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What can a person do with a Power of Attorney for Property?

By on Mar 28, 2016 in Wills and Estates

A Power of Attorney for Property may and usually does include authority to the attorney (the person you give authority to) to: write cheques from your bank account; deal with service providers for you like to call Hydro and find out if you owe money; deal with your real property as in to sell your house or mortgage your house; represent you in litigation such as to...

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Who should I tell that I made a Will?

By on Feb 22, 2016 in Wills and Estates

As a lawyer who assists clients with the preparation of their Wills, I often get asked by my clients who they should tell they have made a Will. What I tell people is to be sure to tell your Estate Trustee that you have made a Will. If you have an alternate trustee named in case your first choice person is not able to do the job, you should also tell your estate...

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