Trusts & Estates Division @Christie's’ Post

Did you know that charitable legacies are one of the most popular ways for people to make a lasting impact on the causes they care about? Charitable legacies are a thoughtful way to ensure your values and passions live on, even after you're gone.  Consider including a charitable bequest in your will to make a lasting impact on the causes you care about most. Ready to start planning your legacy? Contact us today to learn more about how to leave a charitable bequest in your Will. 🌐https://lnkd.in/eFvmEM5m #LegacyWills #ourservices #estateplanning #assetprotection #willsandtrusts #peaceofmind #estateplanningexpert #willsplanningexpert #charitablelegacies

Considering joint ownership in estate planning? 🏠✍️ David A. van der Woerd, (corporate lawyer) cautions against the allure without careful consideration. In his insightful article initially published in The Hamilton Spectator, David explores the potential benefits and hidden complications of transferring a parent's property into joint ownership with a child. From immediate land transfer tax consequences to the exposure of property to creditor and matrimonial claims, David highlights the critical issues that can arise, underscoring the importance of a thorough and informed approach to estate planning. 👉 Ensure your estate planning strategy serves the best interest of you and your loved ones by consulting an estate planning specialist. Learn more about the complexities and considerations of joint property ownership in David's full article here: https://lnkd.in/g9H_tXmg David van der Woerd, a partner at Ross & McBride, leverages his extensive experience to guide individuals and organizations through the nuances of business and charitable law, ensuring their estate planning decisions are sound and secure. #EstatePlanning #JointOwnership

The debate about pour-over clauses in Canada has been ongoing for a number of years and grows more intriguing as you peel back the layers. The trial and appeal decisions in Quinn Estate are two of several judicial layers that have invalidated pour-over clauses on questionable grounds, thereby imposing an unnecessary obstacle for clients wishing to effectively coordinate their estate plans across multiple instruments and structures. The gift of a portion of an estate to a charity formed by way of a charitable purpose trust would not be invalidated on the grounds of incorporation by reference assuming it is otherwise validly made. Things that make you go hmmm. This instalment of my blog is the first of several dealing with pour-over clauses. Stay tuned! #estateplanning #wills #estates #estateadministration #trusts #pourover #STEP

⚖️ Looking for peace of mind in planning your legacy? Look no further! Our expert team of attorneys are here to guide you through every step of the estate planning process. 📜✨ Whether you're safeguarding your assets, ensuring your loved ones are cared for, or establishing charitable legacies, our dedicated attorneys will provide personalized solutions tailored to your unique needs. With our expertise and compassionate approach, you can rest assured that your wishes will be honored and your legacy preserved. Schedule a consultation today and take the first step towards securing your future with confidence. #EstatePlanning #LegacyProtection

A trust can be an invaluable tool as part of your overall estate planning. Discover how a trust works, some common uses of trusts for planning and more in our latest article. #wealthplanning #taxplanning #willsandtrusts #wednesdaywisdom

Does anyone else spend the entire episode of 'Vera' trying to work out who did it? It is what I love most about a good murder mystery; looking at the clues, listening to what everyone is saying....trying to spot shifty behaviour! I think in many ways this has helped me in my professional life too. Not that my clients are a bunch of savages (to my knowledge anyway!), but by listening to the problems they have, and looking at ways I can help - even if the idea or process I come up with is one not currently available in the market place, it gives me a huge amount of satisfaction. As an example, one of the problems many solicitors encounter, is when they are carrying out estate administration and there is property located outside of their area. Issues include: • Which Estate Agents should they use? • Ensuring the property has regular inspections carried out. • Arranging a document search, clearance or clean. Should you be working on behalf of charitable beneficiaries, then being able to evidence what you are doing, and why you have made the choices that you have, becomes even more essential. With PLG our customers have complete peace of mind that wherever the property they are working on is situated, we have the area knowledge and expertise to ensure they receive exactly what they need to get the valuation right, the best sale price, and any extra works that need completing done so competently and cost effectively. I like to think this is partly why the leading law firms and probate practitioners chose to work with us. #probate #property #team #plg

Let's break down how trusts play a role in estate planning. Think of a trust as a tool that allows you to control how your assets are managed and distributed both during your lifetime and after you're gone. Here's how: when you set up a trust, you appoint a trustee (which could be yourself or someone else) to manage the assets within the trust according to your instructions. This could include things like investing the assets, distributing income to beneficiaries, or holding onto the assets until certain conditions are met. Now, what makes trusts so powerful in estate planning is that they can help you avoid, or at least minimize, probate, which is the legal process of validating a will. By placing assets in a trust, they typically don't go through probate when you pass away, which can save time, money, and keep your affairs private. Plus, trusts offer flexibility. You can set up different types of trusts for different purposes, whether it's providing for your family, supporting a charity, or ensuring that your assets are used wisely for future generations. In a nutshell, trusts are like the Swiss Army knives of estate planning – versatile, efficient, and powerful for protecting your legacy and providing for your loved ones #glastonburyestateplanning #khklaw

Settlements & Trusts. These legal tools offer control, flexibility, and protection for your assets. At Peter O'Connor & Son Solicitors, we guide you through the process, tailoring Trusts to your needs. Discover the structured distribution of assets, wealth preservation, and charitable possibilities. Explore with us the intricate world of Settlements and Trusts for a secure financial future. #AssetManagement #WealthProtection #LegalInsights #PeterOConnor

Despite what you may think, Trusts aren't just for the ultra wealthy. This article explains how trusts can benefit you and your family, no matter the total value of your assets. #trusts

Sometimes the best advice for a client is to do nothing. I saw clients recently who had Wills that included protective trusts. These clients didn’t understand what the trusts did and wanted to re-write their Wills without the trusts. I went to see them and explained the Wills and the trusts to them, outlining the protections they had and the risks to their estates of removing the trusts. My advice was not to make new Wills. They would simply pay good money to put themselves in a more exposed position. They were both very grateful. #Wills #estateplanning #lastingpowersofattorney