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Passing of Accounts and Estate Accounting

Passing of Accounts Estate Trustees are required to keep accurate and up-to-date accounts of the estate or trusts they are administering. Obtaining the court’s approval of these accounts is a process known as “passing of accounts”. The court’s approval is not always required, but in certain circumstances a passing of accounts is necessary. These instances …

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Intestacy

DYING WITHOUT A WILL; INTESTACY LAWS IN ONTARIO  In accordance with the Succession Law Reform Act (SLRA), when you die without a Will (known as dying intestate) your estate will be administered according to the law of intestacy. The Rules The rules of intestacy are inflexible, and apply regardless based on bloodlines. These rules may …

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Making a Will

What is a Will? A Will is a legally binding declaration of a person’s wishes regarding the disposition of his or her estate after death. Typically, a Will includes clauses such as: identification of the person making the Will; revocation of all previous Wills; appointment of executors and guardians; payment of debts and taxes; specific …

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Bought a House

The role, powers and obligations of an attorney for property are set out by statute (Substitute Decisions Act, 1992) as interpreted by the courts (called common law). Purpose A Continuing Power of Attorney for Property is signed by an individual when they are capable and appoints a person (or persons) to manage their property (including …

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