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Appeal decision shines light on life insurance, Succession Law Reform Act

Friday, June 02, 2017 @ 9:09 AM | By Lorne Wolfson

The recent decision of the Ontario Court of Appeal in Dagg v. Cameron Estate 2017 ONCA 366 contains important lessons for family and estates lawyers, mediators and financial advisers. The essential facts are as follows:

The court order required the husband (H) to pay spousal support to his first wife (W1) and to maintain a policy of life insurance to secure his support obligations. After the husband remarried, he changed the beneficiaries of the policy to W1, his second wife (W2), and his children from his...