Spousal Trusts

June 14, 2009 by  
Category: Wills

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When a person sets up a spousal trust in their will, the person directs certain funds or assets to be held in trust for the lifetime of their spouse. The spouse receives the benefit of the income from the trust and also, in most cases, has the right to use some or all of the […]

An Insurance Trust

June 13, 2009 by  
Category: Wills

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Another form of trust that we see in wills is an insurance trust. When people buy a life insurance policy, they generally name their spouse as the primary beneficiary. They can also name their children as the alternate beneficiaries or they might name the estate as the beneficiary. If they name the estate as the […]

Testamentary And Incentive Trusts

June 12, 2009 by  
Category: Wills

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In Ontario, beneficiaries are entitled to take their inheritance when they turn 18. If you’re leaving large gifts to children, you may not want them to have a large sum of money at age 18. In this case you can set up a testamentary trust in your will that says they only inherit at age […]

What Happens When A Will Is Contested And How Are Costs Paid?

February 4, 2009 by  
Category: Wills

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At the start, an important thing to realize is that, if a will is successfully contested, it is set aside and the previous will becomes the valid will and determines how the estate is distributed among the beneficiaries. Contesting a will is a very time-consuming and expensive process. It pays to be very certain that […]

What Happens When Someone Challenges A Will?

February 2, 2009 by  
Category: Podcasts

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Charles Ticker discusses what happens when somone challenges a will. If you, or someone you care about, is dealing with estate law issues in the Markham, Ontario Region, contact Charles B. Ticker for a consultation. This podcast is taken from an interview on 28 January 2009 with Charles B. Ticker, Estate Lawyer with Charles B. […]

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