Articles 2019

In this BBL session, participants discussed the introduction of CourtCall to the Estates List, recent amendments to the Succession Law Reform Act, the recent Re Morrison Estate (Alberta case), and other issues.

In his article, Ryan Tkatch discusses the importance of having a permanent life insurance policy as part of a person's investment portfolio, and the purpose of life insurance through the various stages of the life of the average Canadian.

Kimberly Whaley discusses the Ontario Court of Appeal which examined the difficulties that can arise when a parent dies while holding title to a major asset in joint tenancy with an adult child. . The case of Jansen v. Niels 2017 ONCA 312 looks at the issue of severance of joint tenancies, inter vivos gifts between parents and adult children, and undue influence.

A review of key provisions of the Residential Tenancies Act relevant to estate trustees and estate lawyers.

When administering an estate, an executor needs to settle the estate’s debts before he or she can distribute the estate to beneficiaries, and failure to do this can leave the executor personally liable for those debts. But what if an executor isn’t aware of all outstanding debts? This article contains information about the form of notice to creditors, when to publish, and other matters the executor should keep in mind in order to protect the executor and the estate.

This article contains information regarding estates owning corporations, including consideration of clearance certificates under both the Income Tax Act and the Excise Tax Act, post-mortem tax saving strategies, and using the deceased's lifetime capital gains exemption.

Discussion included new sections of the Criminal Code regarding the process for medical assistance in dying without a court order, changes to the SLRA changing the definition of child/issue to include posthumously conceived children, and changes to the Principal Residence Exemption rules.

Discussion included the availability of the Estates Manual for use in the courts, circumstances where an out of province estate trustee was seeking probate, and the recent Supreme Court of Canada decision of Attorney General of Canada v. Fairmont Hotels Inc.

In providing independent legal advice (ILA) a lawyer must meet the standard of a competent lawyer and ensure that the client understands the nature and effect of the transaction and its consequences and is entering the transaction freely and on their own volition. ILA is not required in every circumstance, the jurisprudence confirms this and guidance gleaned suggests it is case specific.

In this second part of a two-part article series, we will examine the income tax implications that may arise when a successor subscriber is named by the deceased in the will and the consequences when such a person is not named.