The Law of Intestacy in Ontario

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 05-06-2016

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Ontario Court has statutory provisions that detail who inherits an estate when the deceased did not have a valid will.

Link to Ontario Ministry of the Attorney General on How Estate is Distributed is https://www.attorneygeneral.jus.gov.on.ca/english/family/pgt/heirclaim.php

Source: The Law of Intestacy in Ontario

Medical Assistance In Dying – What Financial Advisors Need To Know 

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 05-06-2016

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1. Mentally capable people have the right to refuse life sustaining treatment.2. People over 16 can express legally binding advance wishes regarding treatment acceptance or refusal in a power of attorney for personal care.3. People should openly discuss their advance wishes with their attorneys for personal care. They should also make sure that the attorney can be found quickly in an emergency and has access to the power of attorney document.4. As currently drafted the proposed amendments to the Criminal Code do not allow people to empower an attorney to consent to assisted death on their behalf. Whether people should be allowed to do so is contentious, and the law could change as it is debated in Parliament.

Source: Medical Assistance In Dying – What Financial Advisors Need To Know – Family and Matrimonial – Canada -http://preview.tinyurl.com/jjfwvpm

Air Canada grounds Toronto family after passports are stolen | Toronto Star

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 05-06-2016

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Keethai Tharmaseelan’s family was forbidden to board by confused airline staff, after being cleared by the consulate, passport office and U.S. security. They weren’t the first.

So Passport is a travel document and should be on person while travelling. Emergent situations do happen and do lead to situations as above and officials have their own discretions….

Source: Air Canada grounds Toronto family after passports are stolen | Toronto Star

Help a client who’s lost insurance paperwork | Advisor.ca

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 02-06-2016

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In-Kyung Choi, 48, is an anchor for a local news station in Halifax. Retirement’s almost 20 years away, but she’s recently changed advisors because she felt her assets weren’t producing adequate returns. Her new advisor asks her to do an asset inventory as part of the planning process. The exercise jogs her memory. Her late father had mentioned a life insurance policy he took out on her when she was born. Problem is, she doesn’t know which company issued it, how much it’s worth or if it’s still active. The policy could have significant cash value, so In-Kyung’s determined to track it down.

Source: Help a client who’s lost insurance paperwork | Advisor.ca  http://www.advisor.ca/insurance/life/help-a-client-whos-lost-insurance-paperwork-147376