Collecting and keeping all of the family’s most important pieces of legal and financial information together and in a secure location can be a tremendous resource in the event of an unexpected (or eventual) death. A death binder is an estate planning tool that you should use to organize and store all documents and notes that your partner and loved ones should have access to if you pass away.
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What’s trending: Power of Sale properties are popping up.
The dramatic rise in the prime interest rate is having a devastating impact on household budgets, and as a result we are seeing more and more power of sales in the real estate market in the Durham Region, something that has been relatively uncommon up until now.
Estate Administration Tax… not fun, but necessary. Here’s how to handle it.
Estate Administrative Tax (EAT) is also known as probate fees. There’s no way to get out of paying them, but there are a few things to consider when trying to reduce the amount that your beneficiaries will have to pay from your estate after you are gone. Here is what you need to know about Estate Administration Tax.
Foregoing a home inspection? Proceed with caution.
As a buyer, it can be tempting to forego all conditions. Financing, home sale, and home inspection conditions are the most common conditions. If you are considering excluding conditions, we urge you to reconsider.
What is a chattel and what is a fixture in a home sale?
Let’s get to the definitions of a chattel and fixture in a real estate deal.
Pets are considered property and nothing more in the eyes of the law. Plan accordingly.
In Ontario, pets are considered property so the same rules of guardianship of your children do not apply. In fact, when it comes to your estate your beloved cat is considered as no more valuable than your couch, or your sweet dog is only as important as your dining room table
What Assets Should Be Included in Your Will?
One of the biggest challenges of estate planning is ensuring that your assets end up in the hands of the people you choose. Every will is going to be unique based on your assets and your beneficiaries, but when you work with an estate planning lawyer the process doesn’t have to be complicated.
When you plan your estate with McMurter & Associates we have a specific formula that we work with to ensure that all your assets are properly handled.
Buying a New Build Home in the Durham Region – Your Real Estate Lawyer Can Help!
At McMurter & Associates, we are seeing more distressed buyers than in recent years with increased interest rates and the stress test that buyers must go through with their lender. This also applies to buyers purchasing a home or condo that is not yet built or in...
What to expect when you are appointed as an Executor in Ontario
What are the responsibilities of an Executor? In the simplest terms, an Executor carries out the wishes of the deceased as outlined in their will.
Why does appointing a Power of Attorney matter?
Making a power of attorney or other arrangements as part of your life planning allows you to choose whom you want to make decisions for you should you become mentally incapable.