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Estate experts seek resolution on beneficiary designation issue

Estate experts seek resolution on beneficiary designation issue
investmentexecutive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentexecutive.com Daily Mail and Mail on Sunday newspapers.

Court overturns father s decision to disinherit daughters

Court overturns father s decision to disinherit daughters
investmentexecutive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentexecutive.com Daily Mail and Mail on Sunday newspapers.

Estate planning changes in Ontario

Estate planning changes in Ontario By  Jason Heath  on May 25, 2021 Virtual signing and remote witnessing are now permanent options for clients and lawyers creating wills and powers of attorney in Ontario. Here’s how these and other changes might affect your estate plans.  Advertisement Photo created by pressfoto - www.freepik.com Ontario will see a few notable estate planning changes, now that Bill 245 has received royal assent. Advertisement Advertisement Under that bill, the Succession Law Reform Act and Substitute Decisions Act have both been amended to allow for the remote witnessing of both wills and powers of attorney. Virtual signing was permitted on a temporary basis last spring following the onset of the COVID-19 pandemic, and has now become a permanent option for lawyers and clients. 

Marriage no longer automatically revokes a will in Ontario

Rudy MezzettaMelissa Shin In Ontario, virtual will witnessing is now permanent, courts will be able to save invalid wills and marriage no longer automatically revokes a will. The province’s estate law reform hit a major milestone with the royal assent of Bill 245 last month. The omnibus bill, first tabled in February, includes changes to the acts governing wills, powers of attorney and intestacy. The updated legislation “better reflects the realities of life in the 2020s” and “has the potential to improve access to justice,” said Suzana Popovic-Montag, estate lawyer and managing partner with Hull & Hull LLP in Toronto. Bill 245 permits permanent virtual witnessing of wills and powers of attorney, which was already allowed on a temporary basis in the province. At least one witness must be a licensed lawyer or paralegal. The legislation doesn’t specify an effective date for the provision, but will apply retroactively to any will or power of attorney document signed in a

It s official: marriage no longer revokes a will in Ontario

Rudy MezzettaMelissa Shin In Ontario, virtual will witnessing is now permanent, courts will be able to save invalid wills and marriage no longer automatically revokes a will. The province’s estate law reform hit a major milestone with the royal assent of Bill 245 last month. The omnibus bill, first tabled in February, includes changes to the acts governing wills, powers of attorney and intestacy. The updated legislation “better reflects the realities of life in the 2020s” and “has the potential to improve access to justice,” said Suzana Popovic-Montag, estate lawyer and managing partner with Hull & Hull LLP in Toronto. Bill 245 permits permanent virtual witnessing of wills and powers of attorney, which was already allowed on a temporary basis in the province. At least one witness must be a licensed lawyer or paralegal. The legislation doesn’t specify an effective date for the provision, but will apply retroactively to any will or power of attorney document signed in a

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