This is a story that will touch your heart! Read about the simple life of a man who loved college basketball and the legacy he left behind to his favourite basketball team:
The CBC reports that 40% Canadians with minor children do not have their own Legal Will!
Are you among the 40%? Listen to the full CBC interview about Wills here at:
If you are interested in the duties concerning an Executor, read on below:
This checklist will provide a better understanding of your many duties as an Executor; however, depending on the situation and your relationship with the deceased, not all of the points will apply. It is recommended that you seek legal advice at the outset if you think it might be necessary.
Whether your children are younger or older there are a few things to be considered about how your estate will be distributed to them.
If you are leaving assets or inheritance to a disabled child or individual and you would like them to still be eligible for government benefits, something that should be considered is the use of an absolute discretionary trust for them. More commonly known as a Henson Trust, named so after Leonard Henson of Guelph, Ontario. Continue reading
Known as a common disaster clause, couples should ensure that their residual estate would pass to the surviving spouse only after surviving the testator by a specified period of time, typically 30 days. This means that if one spouse were to die, instead of the residual estate passing immediately to the other spouse, it is held up for the specified period of time.
The late South African leader, Nelson Mandela, has left behind a legacy and an estate amassing $4.6 million for his loved ones. Under the provisions of his Will, his widow, Graca Machel, has the right to receive several of the assets left behind in his Will, provided that she forfeit her right to his estate.
What is included in these assets and what does she receive? Read About It Here.
Forbes Magazine reported earlier this month that Whitney Houston’s Will was being challenged in court by none other than the late singer’s own mother and sister-in-law, Cissy and Marion Houston. Continue reading