What is Probate and Use of Multiple Wills?
Wondering how to minimize estate administration taxes in Ontario? Understanding probate and the strategic use of multiple Wills can help safeguard your assets and reduce unnecessary fees. With one of the highest probate costs in Canada, Ontario residents can legally structure their estate to limit these expenses. Discover how a 1998 court case set the precedent for this tax-saving strategy and what it means for estate planning today.
Power of Attorneys (POA) in Ontario
Power of Attorneys (POAs) in Ontario are essential for managing someone's affairs if they become incapacitated, as shown in a real case where a wife couldn't access her comatose husband's finances or make healthcare decisions. The article explains different POAs and underscores the importance of choosing a trustworthy person to represent your interests, ensuring your wishes are respected and protected in difficult times.