In the province of Ontario, the only individual that is legally permitted to oversee the distribution of one’s estate is referred to as the “estate trustee”. The vast majority of Wills in Ontario go through the procedure of probate, with the exception of Wills where the entirety of the estate is held jointly, typically between a husband and wife. When an estate is held jointly the surviving spouse would absorb the interests of the deceased spouse, this allows the estate to steer clear of the probate process.
Do you have Intellectual Property?
Some of the most important and valuable assets are represented by Intellectual Property (IP). The subject may seem complex and daunting but an Intellectual Property lawyer can help you overcome these views.
An IP lawyer can help you identify, develop a strategy, file, protect and enforce your Intellectual Property in Canada and internationally.
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Title and Real Property
Holding title to real property refers to the interest of a particular individual who has legally recognized ownership of property. More traditionally, title to real property was used to refer to an individual who has the legal right to use the property. Today, title to real property can be held in several different forums.
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Director and Officer Liability
Estate Considerations for RRSP and RRIF
One of the best gifts you can leave your family after you pass away is a well thought out estate plan that can minimize tax obligations. Often, Registered Retirement Saving Plans (RRSP) and Registered Retirement Income Fund (RRIF) make up a large portion of an estate, which is why concern regarding these accounts is important when developing an estate plan.
Tax Concerns and Leased Property
Within a real estate transaction, not all property is transferred in the traditional sense that both the dwelling and the subsequent land are conveyed in fee simple. An increasing number of transactions include purchases where the dwelling is conveyed in fee simple, but the land itself is merely leased to the occupant.
