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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Title Insurance – A Quick Summary of Residential Title Insurance in Ontario

By on Apr 26, 2017 in Real Estate Law

There are 5 companies offering title insurance in Ontario. They are: • TitlePLUS • Chicago Title Insurance Company • FCT Insurance Company Ltd. (Carrying on business under the name First Canadian Title) • Travelers Guarantee Company of Canada • Stewart Title Guarantee Company of Canada TitlePLUS title insurance is the only all-Canadian title insurance product...

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Office Space for Rent on Manotick Main Street

By on Mar 30, 2017 in General Information

Shared office space to rent in charming house on Manotick Main Street. You can rent a room for your professional services business. The space is ideally suited for a young or new lawyer looking to start his or her own practice while having the benefit of access to a senior lawyer and some possible referrals. It is also suitable for a lawyer with an existing practice...

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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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How do you Change the Name of a Corporation?

By on Mar 7, 2016 in Corporate Law

Corporations can and do change their names or get a name if known only by a number. Changing the name of a corporation in Ontario or Canada is actually a big deal. The corporation must be solvent meaning if the corporation is unable to pay its liabilities as they come due, it is not permitted to change its name. The realizable value of the assets of the corporation...

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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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What happens when Joint Tenants Die at the Same Time?

By on Aug 20, 2015 in Wills and Estates

Under the Succession Law Reform Act, R.S.O. 1990, c. S.26, if people own joint property and die at the same time or in circumstances making it impossible to know who died first, the joint tenancy is deemed to be severed. The property is treated as though it was owned by the joint tenants as tenants in common instead. How might that affect your Estate? Depending on...

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