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Wills, Trusts & Estates

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Wednesday, August 10, 2022 @ 2:08 PM

What to do when an estate owes more than it has Broken piggy bank

Losing a loved one is an emotional, overwhelming and turbulent time for everyone. This anxiety, coupled with the sudden responsibility to administer the estate of the deceased (if you have been appointed as the estate trustee) can be treacherous to navigate. ... [read more]

Tuesday, August 09, 2022 @ 10:00 AM

Are you spending your kids’ inheritance? | Mark Borkowski

Estate and family lawyers that have clients that are baby boomers know they have grown up in a very favourable financial period in history. They have reaped the rewards of the solid foundations that their parents laid through struggling and often overwhelming times. The boomers’ hard work, determination and conservative approach to money were great contributors to their success. ... [read more]

Monday, August 08, 2022 @ 2:39 PM

Family enterprise advising: Importance of soft skills in succession, intergenerational planning Silhouette of chess pieces

Family enterprise advising aims to minimize the conflict between various stakeholders, with the goal of ensuring the family business’s long-term success and protecting various family assets and wealth. This article highlights the “soft skills” behind succession and intergenerational planning. ... [read more]

Monday, August 08, 2022 @ 2:21 PM

Non-fungible tokens and art: Temple of Doom or Holy Grail, part one QR code displayed as art

A trusted adviser in the 21st century planning for their art collector clients must be aware of the pitfalls and rewards of non-fungible tokens (NFTs) beyond and above the media and art market’s hype. This series of four articles explains what NFTs are, why they have been regarded as an art world sensation and what to be keenly aware of when investing in it. Walking in a collector’s shoes and feeling her pains and joys is essential to properly plan for an NFTs’ collection. ... [read more]

Monday, August 08, 2022 @ 11:50 AM

Becoming a non-resident with TFSA, RRSP accounts Giant dollar sign with Canadian flag on it

Many individuals take advantage of registered savings plans in Canada. The most commonly known plans are Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). There are certain rules and restrictions to be aware of for Canadians who have such plans and become non-residents for tax purposes. In a previous article, “Moving to the U.S. and Retirement Plans,” we looked at a few planning strategies regarding registered plans in the context of immigrating to the U.S. ... [read more]

Thursday, August 04, 2022 @ 1:47 PM

From the schoolyard to the bench: Bullying in legal profession Giant finger pointing at man

A good lawyer can argue almost any point, but it is difficult to argue with statistics, and statistics show that people who practice law are among the most at-risk professionals for depression, substance abuse, mental illness and even suicide. ... [read more]

Thursday, August 04, 2022 @ 9:29 AM

Midnight in the garden of good and evil | Murray Gottheil

There is nothing funny about child abuse, so I hesitate to tell this story. But there is a point to it, so please bear with me. ... [read more]

Wednesday, August 03, 2022 @ 11:48 AM

Estate planning: Electronic witnessing and signing in B.C. Man signing a document on  computer screen

When preparing an estate plan, British Columbians are generally advised to make three basic documents: a will, an Enduring Power of Attorney (EPA) and a Representation Agreement (RA). ... [read more]

Wednesday, August 03, 2022 @ 11:34 AM

Pitfalls of succumbing to temptation to check e-mail | Rob De Toni

With such easy access to our work e-mail, it’s really not that difficult to get lured in by the temptation to check them outside office hours, or (gasp!) even when we are on vacation. I am ashamed (err … human) to say that I was recently reminded of the pitfalls of succumbing to that temptation. ... [read more]

Friday, July 22, 2022 @ 9:27 AM

Applying the law to multijurisdictional jigsaw puzzle 3D jigsaw pieces

Increasingly, people and their assets have connections to several jurisdictions, rather than just one as in times past. Over the course of a lifetime, many of us will leave a trail behind us of real estate, bank accounts, investment accounts, retirement savings plans and pensions, as well as beneficiaries and other ties spread out in many different places. ... [read more]