Wills
The performance of duties by an executor of an estate can sometimes be a difficult task. Difficulties may arise when there is more than one class of beneficiaries under the will governing the estate. Two classes of beneficiaries that are sometimes found in a will are...
Wills
Many people make a last will and testament (“the testator”) to arrange their affairs in an orderly fashion so that there are no estate problems after they pass away because they have no will. However, things do not always work out as planned even when a person is...
Wills
Your last will and testament provides for the orderly transfer of your assets to people you want to receive them after you die. Usually, these beneficiaries include family members. Without a will, Ontario legislation provides some protection for the transfer of your...
Trusts
Assume a friend holds real estate in trust for you while you are away travelling the world. He is the trustee who holds the property for your benefit and you are the beneficiary of the trust. When you return, you find out that your property has been sold in your...
Trusts
Whenever one person holds legal title to property and is obligated to manage the property for the benefit of another person, a trust relationship is created. The person who holds the legal title is called “the trustee” and the person who benefits from the trust is...
