Where There is a Will, There is a Way

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This post is a culmination of the works of various members of Fasken LLP. Have you ever thought to yourself, “I wish I knew the basics of Will formalities in other provinces”?  In this post, we hope to expand our horizons beyond Ontario to provide a brief overview of the witnessing requirements for Wills across Canada (particularly, Ontario, Québec, British Columbia, and Alberta). Currently, at least two provinces (Ontario and….

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Wills

More Random Thoughts in Isolation

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Still in isolation, still feeling random… 1.  There’s no way that this post is going to be as good as my first one 2.  One day holograph wills are going to be replaced by hologram wills 3.  Once we’re all back in the office, it’s going to feel like the first day of school after summer break.               Wow! You guys got tall! 4.  Why….

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Should Foundations Give More?

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Charitable foundations are grappling with their response to COVID-19.  A Canadian initiative, Give5.ca, is advocating for increased granting through a time limited pledge in 2020.  Simply, the ask is for foundations to pledge to grant at least of five percent of their assets to registered charities in 2020.  That’s it. There are no restrictions related to cause or type of charity. Give5 is a movement initiated by a broad coalition….

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Philanthropy/Charitable Giving, Uncategorized

Low- Interest Environment: Time To Take Advantage Again.

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In past blogs, we discussed income splitting arrangements available to individuals who wish to loan funds to his/her lower income spouse or adult child, or in the case of minor children, a discretionary family trust. Such loans would be used to invest in income producing properties such as marketable securities, mutual funds, real estate income trusts (to name a few). The income from these properties less the interest paid on….

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Business Succession Planning, Canada Revenue Agency, Estate Planning, Interest, Investments, Loans, Property, Real Estate, Small Business, Spouse, Tax Issues, Trusts, Uncategorized

A Virtual Q&A Session on Holographic Wills

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Today’s blog was written by guest blogger, Anna Chen, Associate at Fasken LLP. The current pandemic has created a number of difficulties in having Wills drafted, signed and witnessed in the usual course.  As a result, we may see an increase in the number of handwritten Wills, which are commonly known as “holographic” Wills.  This Blog Post will address some of the frequent questions that arise with respect of holographic….

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