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Protecting a Different Kind of Property: Stored Genetic Material

estate planning May 27, 2020

Estate Planning is about protecting what matters the most. Over the course of my 18 years practicing law I have come across a wide variety of property that needs to be included in our clients’ Will.

Recently we had to deal with a unique type of “property”… the cryogenically frozen embryos and sperm of our clients. With cryogenic freezing, it is possible for children to...

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Separation vs. Divorce: Is there a difference when estate planning?

estate planning May 20, 2020

When couples split up, the last thing they’re thinking is, “What happens if I die?” Breakups are emotionally difficult times, with many hard decisions. But the ramifications of a split are magnified when the parties do not go through with a divorce.

Many people think the mere act of “separating” will result in cancelling their partners in their Wills, estate plans,...

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Should you hire a trust company to handle your estate?

The demand for professional Trust and Estate administration is an area that is experiencing significant growth. This growth is caused by a number of factors including our ageing population, our modern family structures, and the vast distances that spread family members apart.

Estate professionals are being asked to step in and help families resolve emotionally charged family disputes.

There are...

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Why Appointing Children as Executor Can Be a Mistake

estate planning executor May 06, 2020

We all hope that when we are gone, our family members will work together to settle our estate.  Unfortunately, our office sees many estates where the testator created a Will filled with some common problems.

One of the most common problems we see is where a testator appoints all their children as their Executors.  This is a mistake.

If your family members do not get along, they...

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Leaving Behind a Legacy of Love

estate planning Apr 22, 2020

Death and taxes. You might be able to avoid taxes, but you cannot escape death. It is not a topic most people want to talk about, so many of us are not prepared for the legal issues that come with dying and incapacitation. That is why making your Will and other estate planning documents are important.

At Estate Connection Law Office, we can help relieve that stress for you and your loved ones....

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Eight Questions to Ask About Your Will

estate planning wills Apr 15, 2020
  1. Do you have the original Will?
  2. Is there an Affidavit of Witness attached to the Will to show that the Will is genuine?
  3. Is your estate still being distributed the way you would like, including charities to provide a tax benefit?
  4. If you have minor beneficiaries, do you have a trust in the Will?
  5. Have you indicated funeral instructions or information on organ donation?
  6. If you are contributing to...
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What do I do with my timeshare?

What is a Timeshare?

In simple terms, a timeshare is ownership of a property (typically, a vacation home) for a limited period of time (one to two weeks).

Timeshare Contracts

As all timeshare contracts are different, it is important to understand the specific terms of your agreement. In addition to maintenance fees, owners may be required to pay a special assessment if, for example, structural...

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Protecting the Interests of your Children in a Blended Family

estate planning Jan 15, 2020

Blended families are becoming increasingly common and often face several estate planning challenges. Consider the following scenario:

Don and Pat were married in 2000, and it was a second marriage for each of them. Don had 1 child from a prior relationship, and Pat had 3. Don and Pat had equal financial assets at the time.

While drafting their wills in 2009, Don and Pat agreed that all...

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What are the best practices for family trusts?

estate planning trusts Dec 11, 2019

Family Trusts are a powerful and effective financial planning and asset protection tool. Traditional reasons for creating a trust include will and succession planning, asset and legal liability protection and asset administration.

However, trusts have evolved as a tax planning and minimization tool, especially for the family business and high net-worth individuals. In many instances Trusts...

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The Power of a Written List

estate planning wills Sep 25, 2019

When thinking of the legacies you are leaving people, it can be difficult to decide what to give and to whom. Money is often a large part of inheritance, but perhaps there are certain items you wish to bequeath to family and friends as a way to remember you. To whom and what you bequeath is an important consideration that is worthy of as much time as is put into considering your residuary...

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