Advise common-law clients to plan for split

divorceCommon-law spouses enjoy the same spousal support rights as married couples under the Family Law Act (Ontario) if they’ve lived together continuously for more than three years or had a child together.

But in Ontario, common-law spouses don’t enjoy the same property rights as their married counterparts.

And if you fail to advise clients of how the law handles separation for common-law couples, they could face nightmarish legal battles lasting years and costing tens of thousands of dollars.

But this War-of-the-Roses scenario is avoidable. Sigue leyendo

Estate Planning For A Loved One With Special Needs

special needs


For many families, taking care of a loved one with special needs is a daily challenge. Whether it is a child, sibling or other family member, the compassion and caring instincts can be overwhelming. But when it comes to the specific estate planning needs and desires of these situations, it can be very important to look at all the contingencies.

While you want to make sure that your loved ones needs will be met or surpassed, you also need to make decisions that will benefit your overall estate plans at the same time. If your planning also involves family members without special needs, specific considerations should be in place that will maximize the overall benefit to your family, while not sacrificing your special needs plans.

Seven Factors To Consider: Sigue leyendo

Your onlife life can be used against you!!

Your Online Life

Your Online Life

Most of us post many things on social networks (photos, friends, fans,…) we all have electronic banking (balances, transactions, receipts,…) on internet. Others have their own blog (opinions, ideologies, phobias and filias, …) but we, one way or the other, have our online life. What are you going to do? Sigue leyendo

Estate Planning Considerations for Young People

Estate planning is not just for older or wealthy people, younger people need an estate plan if they have minor children or to be prepared in case of a serious injury or accidental death.

Younger people who participate in risky sports or activities like skiing, cliff diving, car racing, or even boxing should consider the possibility that they could become seriously injured and require long-term medical care. Even worse, your untimely death could result from these activities.risky Sigue leyendo

The wrong person will inherit your assets regardless of your will

Have you written a will? Its contents may not matter when it comes to many of your assets. A jointly owned house or bank account will automatically pass to an heir; the joint title also includes an automatic right of survivorship. Also, accounts such as 401(k)s, IRAs and life insurance policies include beneficiary designations, which when correctly completed will also take the place of designations in a will.

That means you need to keep those documents up to date. If beneficiary designations don’t reflect changes in your family, the wrong person will inherit assets, regardless of what your will may say. Perhaps you specifically named your children as beneficiaries on your life insurance policy, then had another child. Without an updated beneficiary form, your youngest will not receive any share of the life insurance. Also, if beneficiary forms are not updated after a divorce, an ex-spouse can receive the proceeds from life insurance or an IRA.

This is one of the reasons why we have created so you can keep your last will and testament up to date, not just your estate but your beneficiaries. By updating your estate regularly you will avoid these rules affect you nor your legatees.

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Reports from major insurance companies indicate rise in claims from heirs to estates who have been overlooked or missed out in research

Probate practitioners who have been unfortunate enough to experience a claim on an estate from an entitled person will know how much of a problem this can be, especially if the claim surfaces after distribution has already taken place. If no indemnity insurance policy was put in place prior to distribution the consequences could be calamitous.

From we try to solve these kind of issues by promoting this service where all heirs/heiress (or those the legator wants to) will be informed at his/her death of all the issues individually.

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Glenconner ‘heir’ fulfils final legacy

Seventeen months after Lord Glenconner died in his arms and made him an unlikely millionaire, the eccentric aristocrat’s Man Friday, Kent Adonai, is busy fulfilling his lordship’s last project on St Lucia.
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When I die


When somebody really close to you is nearly in the edge of passing by you begin to think although never dare to say it loud, what does he owns, has he already set up his heritage, has all his patrimony being organise, where does he have all the papers, deeds, etc are located?

Obviously the answer to these questions are not probably answered because you do not dare to ask and the owner (father, uncle, husband, wife, etc) has never thought of this moment and then postponed this decision for tomorrow.

It will be a good idea asking ourselves if we have all this organised for our heirs and then try to ask this questions to the person we are willing to inherit soon enough before the questions sound innapropiate.