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Category Archives: In the News

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More Changes to the Taxation of Testamentary Trusts

Posted in Estate & Trust, In the News
On April 23, 2015, the Ontario Government released its 2015 Budget.  Among other things, the Budget proposes changes to the taxation of testamentary trusts. Traditionally, inter vivos trusts (those created by an individual during their lifetime) have paid tax at the highest individual income tax rates, whereas testamentary trusts (which are created by a will)… Continue Reading

The Illegitimate Children of Westeros

Posted in In the News, New Media Observations, TOPICS, Wills
In the Game of Thrones universe, being born out of wedlock results in significant negative social and legal consequences. A “bastard” – a term frequently used in the Seven Kingdoms, although no longer considered appropriate in our world – cannot inherit their father’s lands or titles. They are also not entitled to enjoy the “privileges… Continue Reading

A Coach’s Legacy

Posted in General Interest, In the News, Wills
Coach Dean Smith of National Collegiate Athletic Association basketball fame passed away on February 7, 2015.  The coach of such superstars as Michael Jordan will be remembered for 36 seasons with the University of North Carolina. Pursuant to Coach Smith’s Last Will and Testament, each varsity letterman who played for him was gifted the sum… Continue Reading

Inheritance Tax Debates Continue

Posted in Estate Planning, In the News
President Obama has recently revealed plans to increase inheritance taxes payable by Americans with high-value estates.  His proposal increases the tax rate applied to estates of sizes greater than $5,430,000.00 from 40% to 68% of the amount over the threshold.  If implemented, this increased tax rate will make American estates the highest taxed in the… Continue Reading

Alzheimer’s Disease: Can Ultrasound Technology Restore Memory?

Posted in Capacity, General Interest, In the News
I recently came across an article published in the Globe and Mail titled, Ultrasound shows new promise as Alzheimer’s treatment. The article describes how scientist are using ultrasound technology to break apart the neurotoxic amyloid plaques that typically result in memory loss and cognitive decline in those suffering from Alzheimer’s disease. While still in the… Continue Reading

Yahoo Japan & End of Life Digital Planning

Posted in Beneficiary Designations, Estate Planning, General Interest, In the News
In today’s society, not only are individuals amassing vast digital assets, but they are also increasingly present on social media.  More than ever, when planning your estate it is important to consider what happens to digital assets and your social presence when you pass away.  The importance of these questions have been addressed prior on… Continue Reading

O-bat-uaries

Posted in In the News
Obituaries attempt to summarize a life in a few short paragraphs in print or online.  They may describe a person’s occupation and place of residence, list the person’s family and close friends, and set out the funeral or memorial arrangements that have been made.  They might also set out the cause of death. Stephen Merrill,… Continue Reading

Digging Around for the Will

Posted in In the News, Wills
In a grisly news story, it was reported that a woman recently pleaded guilty to digging up her late father’s casket to look for a will. The late Eddie Nash died in 2004.  He had prepared a will in 1995.  Unfortunately, one of his daughters felt that she didn’t receive a fair share of her… Continue Reading

No Monkeying Around Here!

Posted in General Interest, In the News, Pets
Our blog has covered the topic of pets on a number of occasions, most recently the extravagant tale of Bella Mia Bolasny, a pampered Maltese who is set to inherit from her wealthy owner, or “mother”, Rose Ann Bolasny. There’s no question that pets become a part of the family, but is considering them children… Continue Reading

Fundamental Changes to Assisted Suicide in Canada: Carter v. Canada, 2015 SCC 5

Posted in Estate Planning, In the News
The Supreme Court of Canada has unanimously struck down s. 241(b) of the Criminal Code, which imposes a legal ban on doctor-assisted suicide in Canada. On February 6, 2015, the SCC released its decision in Carter v. Canada, finding that doctors should be allowed to assist patients hasten death in certain circumstances; namely, situations in which… Continue Reading

Intolerance for Intolerance

Posted in In the News, Wills
A recent decision of the Superior Court of Justice has made been making headlines.  In Spence v. BMO Trust Company, the Court was faced with the challenging question of whether or not to set aside a will based on a finding that the deceased had disinherited his daughter for racist reasons. In the Spence case,… Continue Reading
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