Friday, June 30, 2023
Legal Tweet of the Day: June 30, 2023
This week’s #FlashbackFriday post is from April 30, 2006
Thursday, June 29, 2023
Legal Tweet of the Day: June 29, 2023
Wednesday, June 28, 2023
Legal Tweet of the Day: June 28, 2023
Paul Adam on Wills and Estates: Intestacy - Dying without a Last Will
There’s a popular misconception that if I die without a last
will everything goes to the government. That's actually not true.
If you die without a last will in Ontario there is a whole
system in the law for who gets your property after you die.
If you have a spouse everything is left to your spouse, if
you have a spouse and children everything is divided between your spouse and
your children, and if you don't have a spouse or children everything is divided
between your closest living family members.
Tuesday, June 27, 2023
Legal Tweet of the Day: June 27, 2023
Monday, June 26, 2023
Legal Tweet of the Day: June 26, 2023
Wise Law's Legal Headlines for the week of June 26, 2023
Friday, June 23, 2023
This week’s #FlashbackFriday post is from December 9, 2013
Thursday, June 22, 2023
Legal Tweet of the Day: June 22, 2023
Paul Adam on Wills and Estates: How important is it to have a Will if you are in your 30s and don’t have many assets?
Wednesday, June 21, 2023
Legal Tweet of the Day: June 21, 2023
Paul Adam on Wills and Estates: Estate Tax
There are 3 basic ways in which most simple Estates may be
required to pay taxes.
1.
If all or part of your state is being submitted
to Probate, you'll need to pay what's called an Estate Administration Tax on
that portion.
2.
If you have to sell property or shares in a
corporation, your state may need to pay Capital Gains Tax on the proceeds from
the sale of that property.
3.
Lastly your Estate will need to file a tax
return for the year in which you die until your Estate is wrapped up and all of
the money is paid out.
Tuesday, June 20, 2023
Legal Tweet of the Day: June 20, 2023
Monday, June 19, 2023
Legal Tweet of the Day: June 19, 2023
Wise Law's Legal Headlines for the week of June 19, 2023
Friday, June 16, 2023
Legal Tweet of the Day: June 16, 2023
This week’s #FlashbackFriday post is from July 22, 2012 via Wise Law Blog
Thursday, June 15, 2023
Legal Tweet of the Day: June 15, 2023
Wednesday, June 14, 2023
Legal Tweet of the Day: June 14, 2023
Paul Adam on Wills and Estates: What is Probate?
When you name a person in your last will to be the Executor of your Estate, that person sometimes needs to also apply to the Court to be appointed formally as the legal representative of your Estate in order to deal with certain property that you own, potentially like a house or a bank account that solely in your name.
The process of applying to Court to be appointed as the representative of your Estate is what we call Probate.