ARCHIVED BLOG POSTS
2011
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Succession Planning Ontario Real Estate Source By Brian Madigan LL.B. Succession planning is the process of selecting the right people to replace you when the time is right. So, that means: 1) someone to act as your Estate Trustee, or Executor and administer your estate upon your death, 2) ...
05/17/2011
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Creditor Protection for Life Insurance Ontario Real Estate Source By Brian Madigan LL.B. One of the important reasons for owning life insurance is to have creditor protection. That is, in the case of bankruptcy, the policy cannot be seized, or in the case of payment, the funds do not end up with...
05/17/2011
Family Law Act Mediator Ontario Real Estate Source By Brian Madigan LL.B. There is a provision under the Family Law Act to appoint a mediator. Most of the time, people think in terms of custody of the children. However, the role of a mediator is not so restricted by the Act. The mediator can be ...
05/17/2011
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Divorce Act (Canada) Ontario Real Estate Source By Brian Madigan LL.B. The Divorce Act deals with the dissolution of marriage between married spouses, custody and support. It does not deal with the division of property, since that matter is left to the provinces under the jurisdiction over "prop...
05/17/2011
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Family Law Act (Ontario) Ontario Real Estate Source By Brian Madigan LL.B. The Family Law Act deals with families, the relationship of both married and unmarried couples, and the legal consequences arising during their relationship and upon breakdown. The Act includes a Preamble which states the...
05/17/2011
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The Corporation as a Joint Tenant Ontario Real Estate Source By Brian Madigan LL.B. From time to time people wonder whether acorporation can hold title as a joint tenant. After all, it can't really die? Under the common law, a corporation is to have all the same rights as a natural person. So, a...
05/16/2011
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Life Estates ~ Resurgence in Popularity Ontario Real Estate Source By Brian Madigan LL.B. For the last 30 years they were relatively unpopular. Now, they're back. The following bequest would be set out in a Will and later recorded in the Deed: "W, for the life of W then to B and C as joint tenan...
05/16/2011
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ADR for Estate Planning Ontario Real Estate Source By Brian Madigan LL.B. This is not what you thought. I know you thought it was Alternative Dispute Resolution for estates. That's close, but by that time it's far too late. In this context, ADR stands for: 1) Audited 2) Documented, and 3) Record...
05/16/2011
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Joint Tenancy: Statutory Termination Ontario Real Estate Source By Brian Madigan LL.B. You might wonder about the statutory termination of a joint tenancy under the provisions of the Family Law Act. It is important to review the Act carefully in order to understand it. Here is what the Family La...
05/16/2011
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Unjust Enrichment Demands Payment Ontario Real Estate Source By Brian Madigan LL.B. What happens if a party promises to leave their house to someone if they help with the chores? Do they get the property? Is this an enforceable contract? Can you have an agreement to make a Will? George Constanti...
05/16/2011
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