Tag: estate planning

30 Jan

Hull on Estate and Succession Planning Podcast #45 – Pre-Estate Planning Considerations

Hull & Hull LLP Estate Planning, Hull on Estate and Succession Planning, Hull on Estate and Succession Planning Tags: , 0 Comments

LISTEN HERE

READ THE TRANSCRIBED PODCAST

During Hull on Estate and Succession Planning Episode #45, Ian and Suzana discuss various considerations that must be taken into account before the drafting of an Estate plan and Will takes place.

16 Jan

Hull on Estate and Succession Planning Episode #43 – Estate Planning

Hull & Hull LLP Estate Planning, Hull on Estate and Succession Planning, Hull on Estate and Succession Planning Tags: , , , 0 Comments

LISTEN HERE

READ THE TRANSCRIBED PODCAST

During Episode #43, Ian and Suzana discussed estate planning with a focus on financial topics such as tax planning, multiple will scenarios and family law issues.

20 Dec

Legal Issues Surrounding the Creation of Joint Accounts – PART I

Hull & Hull LLP Estate Planning, Joint Accounts Tags: , , 0 Comments

Joint accounts tend to be a common estate planning technique used by and recommended to clients by many allied professionals. Recently, in dealing with a litigious joint accounts matter, Ian and I considered some of the legal issues surrounding the creation of such accounts. We came up with a preliminary list of twelve things that we think should be kept in mind in establishing joint accounts.

Firstly, a joint account can be viewed as a gift as between the parties and this is a legal determination that needs to be made. The onus with respect to proving a gift is on the recipient of the gift after death to show that it was legitimate. There is a presumption at law that the gift is not valid and this must be overcome after death.

Secondly, the onus with regard to gifting needs to be considered in the context of a joint account as a gift given during one’s lifetime needs to be proven by the recipient of the gift and a gift after lifetime, given through a testamentary gifting process such as a Will, needs to be proven by the person that received the gift. There is no presumption that it was obtained by virtue of undue influence.

READ MORE

SUBSCRIBE TO OUR BLOG

Enter your email address to subscribe to this blog and receive notifications of new posts by email.
 

CONNECT WITH US

TRY HULL E-STATE PLANNER SOFTWARE

Hull e-State Planner is a comprehensive estate planning software designed to make the estate planning process simple, efficient and client friendly.

Try it here!

CATEGORIES

ARCHIVES

TWITTER WIDGET

  • Interpretation of wills and the ‘armchair rule’ https://t.co/CWLF7pJfS1 https://t.co/VZNh509Hvb
  • Michael Jackson Estate Making News. Read all about it in today's article, "Not Bad: Lots of Recent Michael Jackso… https://t.co/e5hmNiKE21
  • Today's article takes a look into the case law on the doctrine of righteousness. "The Doctrine of Righteousness an… https://t.co/PcgzxTD7UB
  • Today’s article unpacks the Long-Term Care Covid-19 Commission's final report. "Shocking Findings Revealed by the… https://t.co/WL16OixmEJ
  • Today's article explores section 4 of Ontario's Limitations Act, and reviews some of the cases that have interprete… https://t.co/fdjSPmMuMT
  • Today's article discusses the illusory truth effect, why it happens, and how to avoid it. Beware of the Illusory T… https://t.co/cQnVoV7vGm