What Is A Cohabitation Agreement?

A cohabitation agreement is an agreement signed by two unmarried individuals who are living together or intend to live together in the future. When a couple decides to live together, a cohabitation agreement can clearly set out the rights and obligations of each party, either in the event of a breakdown of the relationship or upon the passing of one of the partners.

9 Benefits to Filing a Patent Application

Are you in possession of the next great idea or invention? 
Do you have a piece of equipment or technology that will set you apart from other competitors in your industry
Is it time for you to take steps to protect yourself and your intellectual property?

What Is Power of Sale?

With new mortgage rules and fluctuating rates, this has caused people to look at their mortgage and lending options. While there appears to be an increasing number of available lending sources entering into the market, there have also been agreements that have been forced into Power of Sale situations.  So, what is Power of Sale, and how can one avoid it?

Duties of an Estate Trustee Checklist

Handling the affairs of a loved one's estate can be a complex and overwhelming responsibility. As an estate trustee, you are entrusted with the important task of ensuring the smooth administration of the deceased's estate, adhering to the legal obligations and fulfilling the wishes of the deceased as expressed in their will.

To assist you in navigating this intricate process, this checklist serves as a comprehensive guide to the duties and responsibilities that fall upon an estate trustee in Ontario. By following this checklist, you can systematically manage the estate administration process, while ensuring compliance with the relevant laws and regulations governing estates in Ontario.

Duties of an Estate Trustee

When a loved one passes away, their affairs need to be properly managed and settled. In Ontario, an estate trustee plays a vital role in ensuring the smooth administration of an individual's estate. Also known as an executor or personal representative, the estate trustee is entrusted with the responsibility of carrying out the deceased person's wishes as outlined in their will. This introductory guide aims to shed light on the duties and responsibilities of an estate trustee, providing a comprehensive understanding of their role in the estate administration process.

How Carson Law Works On Your Real Estate Purchase File

At Carson Law, we believe in a team-based approach, so you will interact with a few key players based on where your file is in processing. There is a lot of backend work that goes into successfully closing your real estate purchase. Understand our process from owner and president, Ryan Carson, so we can all work together to achieve a smooth closing.

How Carson Law Works on Your Real Estate Sale File

At Carson Law, we believe in a team-based approach, so you will interact with a few key players based on where your file is in processing. There is a lot of backend work that goes into successfully closing your real estate sale. Understand our process from owner and president, Ryan Carson, so we can all work together to achieve a smooth closing.

What is a Secondary Will?

A Secondary Will can be a financial planning tool, some homeowners and business owners, mostly in Ontario and British Columbia, use to help reduce the amount of Estate Administration Tax (EAT) that needs to be paid after ones passing to ensure more of their assets end up with their survived family and friends.

Understanding The Closing Costs When Buying a Pre-Construction Condo

Purchasing a condominium is an exciting milestone, but amidst the anticipation, it's crucial to consider the financial responsibilities that accompany this significant investment. One aspect that potential condo buyers in Ontario must be aware of is the concept of closing costs. These expenses, separate from the purchase price, can add up significantly and should be factored into your budget. In this article, we will delve into the details of closing costs associated with buying a pre-construction condo in Ontario, providing you with a comprehensive understanding of what to expect and how to plan accordingly.

The Risks of Choosing the Same Closing Date when Buying and Selling Real Estate

Most people believe this to be the best approach with regard to making other arrangements around their closing such as scheduling movers, contractors, etc. However, there are a few other things individuals in such a situation should consider before arranging to buy and sell real estate on the same business day.

Different Types of Trusts

Trusts play a crucial role in estate planning, offering various benefits and options for individuals to protect and manage their assets. The primary purpose of a trust is to ensure that assets are handled according to your wishes and distributed efficiently to the indented beneficiaries. Trusts also provide opportunities to minimize taxes, avoid probate, maintain privacy, and offer flexibility in managing your estate.

Key Reasons Why You Should Consider Using A Trust In Your Estate Planning Strategy

Estate planning is a crucial process that ensures the smooth transfer of assets and protects the financial interests of both the current and future generations. While there are various tools available for estate planning, one option that stands out is the establishment of a trust. A trust offers numerous advantages that can greatly enhance the effectiveness and efficiency of any estate plan. In the following blog are some key reasons why you should consider using a trust in your estate planning strategy.


Tax Credit Available for Multigenerational Home Renovations

With more families of different generations sharing a residential space, and the need for more affordable housing, the this tax credit is long overdue.
What is the multigenerational home renovation tax credit and who qualifies? Read the below article to help answer this question plus more.

It's Not Good To Have An Outdated Minute Book In Ontario.

In Ontario, a corporation is required by law to keep accurate and up-to-date corporate minute books. A corporate minute book is a record of important corporate documents, including the corporation's articles of incorporation, bylaws, shareholder and director resolutions, and other legal documents.

Are You Buying & Selling Real Estate With the Same Closing Day? Know the Risks

Most often believe this to be the best approach with regard to making other arrangements around their closing such as scheduling movers, contractors, etc. However, there are a few other things that individuals in such a situation should consider before arranging to buy and sell real estate on the same business day.

Will These New Rules Increase Hamilton's Affordable Housing Supply?

On January 25, 2023, Hamilton Councilors passed a by-law in hopes it would free up the Hamilton housing supply for longer-term rentals. The by-law will also ban commercial operators with multiple properties listed on rental sites like Airbnb.

Top 5 Ways To Avoid Title Fraud

The term ‘title’, in real estate, is used to describe someone’s right of ownership to land. Title fraud is when the title of someone’s home is stolen or a scammer has borrowed money using someone else’s property as collateral.