Know how it can affect your assets and taxesBuying and selling property as a way to make a profit can be a smart move as long as you do your homework and know how to report it on your taxes.When you buy property with the main intention of selling it for a profit, you...
People will often confuse having a document notarized and having a document commissioned. Understanding the difference between a notary public and a commissioner for oaths can be confusing. This misunderstanding can lead to spending money you do not have to, delays in...
Remember that your lawyer knows your side of the transaction but is blind to the purchaser's side. Your lawyer will be unaware of how the purchase will be arranging the closing funds, or if there are any issues which might impede the flow of funds needed for closing....
What Is The Difference Between A Notary Public And A Commissioner for OathsThe main difference between a notary public and a commissioner for oaths is where a document is to be used as well as what a person needs. For a simple taking of an oath, both a notary and...
Under Ontario law, a common law spouse can only make a claim under the succession law reform act as a dependent and may not be able to claim against assets so if you want them to have a right to a property for example and their name is not on it then you need a will.
Generally, there will be two appointments:1) The first appointment: We'll discuss your life situation, wishes and assets. Then draw up an initial plan with you2) The signing: We'll review the Will in detail to ensure it reflects your wishes. We will also review with...
A professionally drafted Will is generally comprised of several parts:1) Identifies the person making it: Let your lawyer know if people commonly address you by another name than the name of your birth certificate as both names will be inserted in order to properly...
If you die without a Will, you will be deemed to have died "intestate" (i.e. without having left instructions as to how your property and assets are to be divided and distributed).In such situations, your property and assets will be distributed according to the...
It is crucial for everyone to have a carefully drafted, up-to-date, and valid Will that has been reviewed by a lawyer. The consequences of dying without a will can be significant.Contact & Associates to get started on drafting a will...
Your Will is a breathing document and should be reviewed on an ongoing basis to ensure it reflects your current life situation.Change in Marital Status: If you separated since you made your Will and if your Will refers to your spouse as the beneficiary to your estate,...
