Estate Planning The following links will provide you with some resources to help you prepare for your initial meeting with our office: Do I Need a Will? Saving Probate Fees How Can Trusts Help Me and My…
It is easy to assume that leaving a gift to someone in your will or naming them as beneficiary of a life insurance policy would have nothing but positive results. Unfortunately, for those receiving benefits under the…
Some people think that because their affairs are simple or their assets are modest, they don’t need a Will. Actually, everyone over the age of 18 should have a valid Will. There are many benefits to having…
Although not a subject many parents like to think about, parents of a minor child (under the age of 18) should consider who will look after their child if both parents die. This decision may be debated…
It often makes good financial sense for spouses to name each other as the beneficiaries of their Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Tax Free Savings Account (TFSA), life insurance proceeds or similar…
Definition of a Trust One person or persons (trustee) holding something, such as investments, bank accounts or other property, for the benefit of someone else (beneficiary). A trust set up on the death of the trustee’s creator…
What is a trust? A “trust” is a relationship where one person holds assets for the benefit of someone else. There is a separation between the legal owner of the assets, the “trustee”, and the person who…
What Is Probate? Probate is the process of having an individual appointed by the Court as an Estate Trustee (also called Executor or Executrix) for the estate of a deceased person. The Estate Trustee is the person…
We offer an administrative and accounting support service to free you from the complex and time-consuming task of being an Executor or Trustee, while ensuring that estate accounting rules are followed. We also calculate compensation for Executors…
Definition of a Trust A trust is a legal relationship where the trustee (one or more persons or a trust company) hold property or assets for the benefit of someone else who is called the beneficiary. What…