Will you be my Estate Trustee?
What to do when someone asks you to be their Trustee.
Courtesy of David Mills from Mills & Mills LLP. And contributed by J. Paul Mills, Q.C.
If someone asks you if you are willing to be her or his Estate Trustee, Executor, Attorney for Property or guardian of children, you should not automatically say “Yes”. Acting in any one of these fiduciary capacities can be seen to be an honour but there are very serious responsibilities involved which should not be ...Continue Reading ?
Why do you need a Will?
Courtesy of David Mills from Mills and Mills LLP.
You believe that you should decide how your hard-earned estate will be divided, not the government. Under Ontario’s Succession Law Reform Act, the estate of a person who dies without a Will is distributed according to a specific set of rules. These are often inconsistent with what an individual would choose for him- or herself.Continue Reading ?
You have young children. In a Will you can provide instructions as to who should ...
Worthless old Share Certificates?
Courtesy of David Mills from Mills & Mills LLP..
What do I do with these?
If you come across some share certificates of companies which are no longer in business, do not assume that they are worthless. If the circumstances are right, they may be used to obtain a tax refund. The first thing to do is to find out when the shares became worthless, that is, when the company went out of business or declared bankruptcy. That ...Continue Reading ?