As you can imagine, there are many factors to consider when estate planning with blended families.
Wills and Blended Families
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Blog
Should I add my child to the title of my home?
Should I add my child to the title of my home? When your child is listed as a joint tenant, it is likely that the home will be their primary residence. There will be potential income tax complications, like capital gains, from doing this. In Ontario, your child will forfeit their first-time buyer’s exemption for the property transfer tax on the home purchase.
Do I need a Secondary Will if I have my regular Will?
In Ontario, probate fees are among the highest in the country. There are some ways that you can help your loved ones avoid paying some estate administration tax (EAT) after you are gone.
A Secondary Will can help reduce the amount of tax that your loved ones will have to pay in EAT. A Secondary Will is not applicable to everyone, though. Your Secondary Will only covers assets that are not required to go through probate.
How will your guardian financially care for your child?
When thinking about guardianship for your minor child, finances can be a concern for your guardian. On the blog we have some questions that you need to put some thought towards when thinking about the future for a potential guardian and your child.
The Hardest Conversation to Have
Estate planning is a topic that a lot of people avoid.
Allison McMurter-Hughes sat down with Gary Hibbert and talked about the first steps to estate planning and what you need to do today to prepare for the future. Listen now.
Guardian FAQ sheet
If you are gone, who will be responsible for your child(ren)? What factors should you consider when choosing a guardian? McMurter & Associates can help.
Perks of Having a Will for Your Real Estate Investment
Perks of Having a Will for Your Real Estate Investment – Shares Brian C. McMurter, a 2022 ThreeBestRated Award-Winning Real Estate Lawyer
How Do You Legally Choose A Guardian For Your Child?
Have you put off creating your Will because you can’t choose a guardian for your child? If you answered “yes”, you are not alone. If you die without naming a guardian for your minor child, three things can happen.
COVID-19 update
Our office is open to the public. We are taking every precaution necessary as outlined by health officials to keep you and our staff safe. Here is what you can expect when you arrive for your appointment: You will be required to wear your face mask at all times while...
What Happens to my Real Estate Investments if I don’t Have a Will?
The bottom line is your assets will go to your relations if you pass without a Will. But if you really want to ensure it goes the way you planned, take the time to write down your last wishes in a Will.
Our Offices
McMurter & Associates
114 Green Street
Whitby, ON L1N 4C8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 905-666-2863
Map and Directions
Scarborough Office
Satellite office, open by appointment only
Evergreen Brick Works
550 Bayview Ave., Suite 401
Toronto, ON M4W 3X8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 416-747-6208
Map and Directions