Ontario Estate Planning, Marriages, And Bill 245
Many of Bill 245 amendments and sections hope to improve access to justice by simplifying the estate planning and administration process.
Many of Bill 245 amendments and sections hope to improve access to justice by simplifying the estate planning and administration process.
A simplified probate process for Ontario estates valued at up to $150,000, will go into effect on April 1st, 2021.
The recent Pfisterer Estate demonstrates that acting in the estate’s best interest may not always absolve a trustee from a breach of trust.
These changes arguably create more conveniences as the estate administration process becomes simpler, and new clarifications defog questions relating to limitation periods.
This precedent is important for estate lawyers dealing with high-profile individuals when they pass away.