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Wills, Trusts & Estates

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Friday, January 22, 2021 @ 1:22 PM

Why diversity is important to legal profession | Sacha de Klerk

If we were all the same, things would be much simpler. ... [read more]

Wednesday, January 20, 2021 @ 2:28 PM

Digitization of estate industry: Five steps to readiness digital lightbulb

The second article of this series named five considerations members of the estate profession should bring to bear in terms of leadership and client value-added knowledge. In this article I will elaborate. ... [read more]

Monday, January 18, 2021 @ 8:25 AM

Access to Justice: Fragility and resilience: Lessons of 2020 and 2021 potential | Beverley McLachlin

One could be forgiven for some hyperbole when writing a column about the past year. The year 2020 and the beginning of 2021 has been a time of historic, and largely negative, extremes across the health, environment and social landscape. We have been personally and institutionally tested in ways that most of us could not previously have imagined. ... [read more]

Thursday, January 14, 2021 @ 1:34 PM

Digitization of estate industry: Table stakes lightbulb_digital_sm

Part one in this series discussed the pandemic paradigm as the impetus for digital transformation in the industry. The point being, estate lawyers shouldn’t underestimate the speed of what once was a competitive advantage turning into a competitive necessity. In the financial sector, nobody today would dream of starting a financial institution or bank without a mobile client app. If we parallel the estate industry’s digitization along the continuum of the financial sector’s transformation, consider the shifts in focus from retail banking, to mobile banking, to investment banking, to retirement banking, and now what I coin as integrated estate banking. ... [read more]

Thursday, January 14, 2021 @ 11:29 AM

More on estate planning and preserving family wealth via corporation Businesswoman and man standing on money bags

As discussed in the first part of this article, an estate freeze is a powerful vehicle for transferring assets to the next generation in a tax-efficient manner. While the tax law aspects may be favourable, there are other potential pitfalls. ... [read more]

Wednesday, January 13, 2021 @ 1:08 PM

The year that flew by in slow motion | William Woodward

What a year 2020 was. As I entered into my role as chair of the Federation of Ontario Law Associations (FOLA) in November of 2020, I contemplated the year ahead and the goals FOLA hoped to achieve. ... [read more]

Wednesday, January 13, 2021 @ 8:41 AM

How one lawyer helps young litigators through modern training | Aaron Baer

“There are known knowns … there are known unknowns … but there are also unknown unknowns — the ones we don’t know we don’t know … it is the latter category that tends to be the difficult ones.” — Donald Rumsfeld, former U.S. secretary of defence. Law students and young lawyers often find themselves in the world of unknown unknowns. And that is a dangerous and very stressful place to reside. ... [read more]

Monday, January 11, 2021 @ 9:08 AM

Pandemic underlines critical need for law firms to create contingency plans, speakers say Kirsti Mathers McHenry sm

When Ontario’s first COVID-19 lockdown was implemented in March 2020, Kirsti Mathers McHenry was on a beach in Bonaire. The next day, the lawyer and consultant with Mathers McHenry & Co., who manages strategy and operations for the Toronto-based employment law firm, was back in the office, asking the organization’s then-complement of six lawyers and staff what they needed to do their jobs from home for the next day, week and month. ... [read more]

Thursday, January 07, 2021 @ 3:16 PM

Estate planning and preserving family wealth via corporation Businesswoman and man standing on money bags

The corporation is a powerful legal innovation that has contributed to the strongest economic growth in living standards in human history over the past two centuries. Corporations range all the way from global megacorporations with millions of shareholders to small private corporations with only a few.   ... [read more]

Thursday, January 07, 2021 @ 2:14 PM

Digitization of estate industry: The electronic will changes everything lightbulb_digital_sm

How do we know that the advance care planning, end of life planning, death care, funeral and estate industries are well on their way to being digitized, “uberized,” transformed and innovated in ways we never expected? Because the digital headline hijacking has begun. The dotcom of the estate industry is here because the pandemic has not only jump-started but accelerated the digitization of the industry. ... [read more]