Posted in Wills & Estates

What happens to your digital assets after your pass away?

Posted by McMurter & Associates on 2 March 2023
What happens to your Facebook profile after you become incapacitated or pass away? What about your email account? The rest of your digital assets?After you pass away or are unable to access these digital accounts, it is going to be difficult for anyone else to access them.According to Ottawa...
Posted in:Wills & Estates  

Pet Guardianship

Posted by McMurter & Associates on 6 July 2022
Your pets are a big part of your family. So, what happens to them after you are gone? If you are suddenly incapacitated or pass away, do you have a plan for your beloved pet?Like a guardian for your children, a pet guardian is someone who will take care of your pet after you are gone.Many people ...
Posted in:Wills & Estates  

Should You Add Your Child to the Title of Your Home in Ontario?

Posted by McMurter & Associates on 17 May 2022
The short answer: Adding your child to your home's title as a joint tenant can pass the home outside your estate and avoid Estate Administration Tax, but we advise against it. The risks include your child's financial problems, sibling conflict, needing their permission to sell or refinance, and cap...
Posted in:Wills & Estates  

How Will Your Guardian Financially Care for Your Child?

Posted by McMurter & Associates on 30 March 2022
The short answer: In Ontario, naming a guardian for your child in your will doesn't automatically provide the money to raise them. You can use your will, life insurance, and possibly a trust to set out how your assets should be used for your child's care, and it's important to discuss expectations w...
Posted in:Wills & Estates  

Perks of Having a Will for Your Real Estate Investment

Posted by McMurter & Associates on 16 February 2022
Investing in real estate could be one of the best investments anyone could make in their lifetime. With assured returns and tax advantages, real estate investments are lucrative in all ways to the investors. Just like any investment, real estate investment has its risks. One of the main risks inv...
Posted in:Wills & Estates  

McMurter & Associates is located in Whitby, Ontario, and serves the communities of Oshawa, Ajax, Pickering, Clarington, Newcastle, Bowmanville, Courtice, Whitchurch-Stouffville and municipalities throughout Durham Region.