Globe & Mail - Snowbirds, COVID-19 and what to do with your sunbelt property October 5, 2020 We are very pleased to share that partners David A. Altro and Bradley Richard Thompson were asked to prepare a special for The Globe and Mail, which was published on October 20, 2020. Their [...]
How Donald Trump is driving Americans to renounce their citizenship August 2020 He may not have built his “beautiful wall”, but Donald Trump is doing an A+ job of keeping people, including his own citizens, out of the US. Record numbers of people are giving up their US citizenship, according [...]
In Ontario, the rules relating to the execution of Wills are set out in the Succession Law Reform Act (“SLRA”) , which states that, subject to limited exceptions (such as holograph Wills, which are Wills made entirely in the testator’s handwriting, or Wills made by certain members of the Canadian Forces, naval, land or air force or sailors while on active duty), in order for Wills to be valid, they must be signed by the testator (or on their behalf) in the presence of two independent adult witnesses. The rules relating to the execution of Powers of Attorney in Ontario, as set out in the Substitute Decisions Act (“SDA”), also require that Powers of Attorney be signed by the grantor in the presence of two witnesses.
The solution to the probate problem is something I call the Cross Border Trust (CBT). It takes care of many of the other cross border legal issues, too.
David Altro, Matt Altro, & Avi Guttman prepared a special article for The Globe & Mail “Snowbirds, here’s how to avoid a probate on U.S. Sunbelt properties”
Probate is the legal procedure before the county probate court where the property is located. Probate is expensive, time-consuming and freezes the estate. It is a public procedure.
A recent United States Supreme Court decision has serious implications regarding state income tax on trust beneficiaries.
David A. Altro was interviewed by Marjo Johne of the Globe & Mail, David discussed the importance of establishing a prenuptial agreement.
The “Re Milne” case affects multiple-will planning targeting at avoiding Ontario probate tax. Learn if you are affected by the judgement passed in October 2018.
This blog outlines the consequences of dying without a Will in Ontario and whether and how much a spouse will inherit under Ontario law.
