Estate Administration

The Pros and Cons of Using a TOD (Transfer on Death) Registration in Ontario

2025-02-13T15:49:31-05:00

Estate planning is essential for ensuring a smooth transfer of assets after death, and many Ontario residents are exploring various estate planning tools to make the process as simple and cost-effective as possible. One option that is gaining popularity is Transfer on Death (TOD) registration. A TOD registration allows certain assets—such as bank accounts or investment securities—to be passed directly to a designated beneficiary upon death, bypassing probate. While this may seem like a convenient and efficient method, there are important considerations to keep in mind. As your will and estate planning lawyers, we are here to explain the benefits of [...]

The Pros and Cons of Using a TOD (Transfer on Death) Registration in Ontario2025-02-13T15:49:31-05:00

What Happens if Someone Deceased Owes Taxes in Canada?

2023-09-01T15:39:48-04:00

Losing a loved one is a challenging time, especially when financial matters intersect with the grieving process. As you navigate estate planning or cope with the recent loss of a loved one, understanding the protocols surrounding tax obligations after a person's passing becomes a crucial aspect of managing their legacy.  In this article, we aim to provide you with a compassionate and informative roadmap, shedding light on the procedures that unfold when a deceased individual owes taxes in Canada. Who is Responsible for Settling Outstanding Taxes and Debts After Someone Dies During this challenging time, the burden of addressing outstanding taxes [...]

What Happens if Someone Deceased Owes Taxes in Canada?2023-09-01T15:39:48-04:00
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