Part of the Journey: a Letter of Intent
Every story has to start somewhere. When buying or selling a business, the journey usually begins with a well drafted letter of intent. A letter of intent or LOI sometimes also called a memorandum or letter of understanding or term sheet reflects the parties general understanding as to the principal terms and conditions upon which the […]
Social Media and Digital Assets
In this day and age, social media is at the forefront of everything – it’s where people obtain news, it’s where people spend numerous hours of their day unwinding, catching up with old friends, and getting updates on life events. When someone passes away, however, not many people know what happens, or can happen with […]
Tax Season – A Good Time to Look Over Your Will
Clients frequently ask how often they should update their Wills. We generally suggest that when clients sit down to do the oh so fun task of filing their taxes and gathering their relevant paperwork, that they take a few minutes to review their Will as well. During this review, it is important to consider any […]
What is a “Tax Sale”?
A tax sale is a sale process used by a municipality, in order to recover property tax arrears that have remained outstanding for at least 2 years. The municipality will first register a Certificate on title to the property as confirmation of property tax arrears by the owner for two (2) years prior to the […]
How is Capacity Assessed When Making a Will or Appointing a Power of Attorney?
If someone wishes to make a Will or appoint a Power of Attorney, they must have the requisite capacity. The determination as to whether someone has this capacity at law is time and task specific, and different from medical tests for capacity. The considerations for capacity at law are also different when making a Will […]
Record Keeping Requirements for Not-for-Profit Corporations Under the Not-for-Profit Corporations Act (Ontario)
A not-for-profit corporation incorporated pursuant to the Not-for-Profit Corporations Act (Ontario) (”ONCA”) is required to maintain certain records regarding the corporation, its members, directors and officers. It is important to note that these are not optional requirements – a not-for-profit governed by ONCA is required to keep records in accordance with its terms. The records […]
Fuel Your Business Growth With the Right Financing: A Legal Perspective
With India having touched down on the surface of the moon last year, an impressive achievement by all accounts, we are reminded of the dozens of failed attempts to do the same over the past 30 years. I have always been amazed at the degree to which these missions are planned, contingencies mapped out and […]
Co-Parenting Apps
Co-parenting with your ex-partner can be challenging. It involves constant coordination and communication about various aspects of your children’s lives. Whether it is about schedules, expenses, health, education, or holidays, co-parenting requires a lot of organization and cooperation. Fortunately, some apps can make co-parenting easier and more efficient. These apps have different features and costs, […]
Multiple Wills in Different Jurisdictions
Over time, individuals could acquire assets in different jurisdictions that are governed by different legal systems. Similar to the consideration of double wills in distinguishing personal or corporate ownership of your assets, discussing multiple wills with your lawyer could be helpful to your estate plan. Here are some considerations you could discuss with your lawyer […]
