Key times to update client estate plans

5 January, 2015

If clients separate or divorce, you’ll need to make sure their estate plans are updated in a timely manner. Otherwise, unintended results could occur and there could be disputes, or even litigation, later. Here are some of the most common concerns and precautions to take.

Wills

In Ontario, under the Succession Law Reform Act (SLRA), gifts to former spouses by will and appointments of former spouses as executors or trustees are automatically revoked upon divorce, unless there is a contrary intention in the will.  ...Click here for full article!

Source: Margaret O’Sullivan / Advisor.ca