Tag Archives: will

How to Approach Your Parents About Their Will

As the Baby Boomer generation ages, so do their parents.  Conversations between siblings and their  parents about money and finances  are traditionally taboo, yet as parents age the management of their finances have an increasingly greater impact on their children, as they become involved with care decisions.   This Financial Post article How to Approach Your Parents about their Will Before It’s Too Late  outlines the factors as to why this discussion should come sooner than later.


ERAssure®, Canada’s only provider of executor liability insurance provides FREE Inheritance Planning Guides and Executor Guides to help in the process of both estate planning and estate administration.

Things to Consider When Creating a Holographic Will

Having a lawyer professionally draw up a will for you may make the most sense, but do you know what your other options are?

It is possible to make a legally-binding will without the expense of a lawyer. A holographic will is written by hand by the testator without the requirement of witnesses. James C. Morton provides an overview of the requirements for such a will to be valid.

Full story at Morton’s Musings.


ERAssure®, Canada’s only provider of executor liability insurance provides FREE Inheritance Planning Guides and Executor Guides to help in the process of both estate planning and estate administration.

Leaving Inheritance More Complicated Than Many Think

By Tracy Sherlock, Vancouver Sun October 19, 2012

It has been estimated that Canadian baby boomers stand to inherit approximately $1 trillion over the next two decades. Despite the sheer magnitude of this expected transfer of wealth, close to half of all Canadians haven’t formally set out their wishes for after they die, and just 56 per cent of Canadians have a will, according to a BMO study.

“It’s really an unfortunate occurrence when someone dies without a will. It’s really unfair for the family members because it’s time, it’s extra cost and it’s an added responsibility for the people you’ve left,” said Sara Plant, vice-president and national director for BMO Harris Private Banking.

The same study found that most people with a will are leaving the lion’s share of their assets to their children, but some will go to other family members, friends and charities. (more…)

How Not to Write a Will

by Doug Surtees  (Associate Professor of Law; College of Law; University of Saskatchewan)

Blanca Robinson told her lawyer she wanted a new will.  This was in 2005.  Her husband had just died.  He had been institutionalized with Alzheimer’s disease since about 1990.  Blanca told her lawyer that she wanted to divide her estate amongst her two step children, her brother in law, two business friends, two nieces and a sister named Pilar.  The lawyer drafted the will accordingly.  In September 2005, Blanca executed the will, after her lawyer went over each clause with her.  The will contained a standard revocation clause.


Standard of Care for Trustees When Investing Trust Assets

It’s important to always seek professional advice when planning your estate as there are numerous tools that can be utilized to reduce income tax liability.  A common vehicle often used to defer income tax liability is a trust.  (more…)

Candidates for the Executor Role

While the creation of a will is imperative when creating your estate plan, it is equally important to choose the right executor to execute the last wishes contained in your will. (more…)

Funeral Planning Tips to Help Executors

One of the major tasks that an executor faces when a loved one passes is the arrangement of a funeral. (more…)

Improper Estate Planning Can Cause Family Tensions

Estate payday loan administration can online

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The Executor Checklist

If you have been named as the executor of a will and are scratching your head about what the job entails, this video may be of help. (more…)

Your Choice of Estate Executor Can Make a Large Difference

Appointing an executor to settle your estate may seem like a trivial matter when you are writing your will, but this decision will have a large impact on the loved ones you leave behind. (more…)