Estate planning lessons from David Bowie

For estate planners, the death of a celebrity is an opportunity to get a glimpse into the estate planning of the rich and famous. Apart from the magnitude of dollar figures involved, however, the basic concepts are the same whether you’re David Bowie or Joe Blow. In the past few days, details of David Bowie’s Will…

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What is probate and why do I need it?

You’ve probably heard the term before. “Probate”. You might have a vague idea of what it involves, and you might have been told that you should do your best to avoid it. But what exactly is probate? Probate is a term for the process by which the Estate Trustee (commonly known as the executor) of an estate…

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Why Two Wills May Be Better Than One

The use of multiple Wills as an estate planning technique has been around for many years in Ontario, primarily as a means to reduce Estate Administration Tax (commonly known as ‘probate tax’). Until recently, however, multiple Wills were typically only recommended for clients with valuable ‘private’ assets (assets that do not require probate to be…

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