Friday, December 22, 2023
Happy Holidays 2023
Legal Tweet of the Day: December 22, 2023
This week’s #FlashbackFriday post is from February 1, 2007
Thursday, December 21, 2023
Legal Tweet of the Day: December 21, 2023
Paul Adam on Wills and Estates: What is the difference between a Last Will and a Power of Attorney? Do I need both?
Wednesday, December 20, 2023
Legal Tweet of the Day: December 20, 2023
Paul Adam on Wills and Estates: 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, December 19, 2023
Wise Law’s Employment #LawFact of the Day: Discrimination in the workplace
Monday, December 18, 2023
Legal Tweet of the Day: December 18, 2023
Wise Law's Legal Headlines for the week of December 18, 2023
Friday, December 15, 2023
This week’s #FlashbackFriday post is from April 14, 2007
Thursday, December 14, 2023
Legal Tweet of the Day: December 14, 2023
How important is it to have a Will if you are in your 30s and don’t have many assets?
Wednesday, December 13, 2023
Legal Tweet of the Day: December 13, 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, December 12, 2023
Legal Tweet of the Day: December 12, 2023
Wise Law’s Employment #LawFact of the Day: Were you terminated with cause?
Monday, December 11, 2023
Legal Tweet of the Day: December 11, 2023
Wise Law's Legal Headlines for the week of December 11, 2023
Friday, December 08, 2023
Legal Tweet of the Day: December 8, 2023
This week’s #FlashbackFriday post is from June 19, 2009
Thursday, December 07, 2023
Legal Tweet of the Day: December 7, 2023
Can I make my own Will using an online form?
Wednesday, December 06, 2023
Legal Tweet of the Day: December 6, 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.