Wills & Estates
How Charitable Giving During the Holidays Can Affect Your Will & Maximize Your Tax Benefits
The holiday season often inspires a spirit of generosity, leading many to consider charitable giving. While this practice is admirable in its own right, it can also have significant implications for your estate planning and tax situation. In this article, we’ll explore how you can integrate charitable gifts into your Will to maximize tax benefits…
Understanding How to Prepare Your Own Will
Creating a will is an important step in managing your estate and ensuring your final wishes are carried out. While many people hire a lawyer for this task, some choose to prepare their own will. In this post, we will walk you through how to prepare your own will, highlighting the steps, challenges, and considerations…
Joint Accounts vs. Power of Attorney for Your Adult Kids
Welcome, families of Belleville and beyond! As your children grow into adulthood, it’s crucial to consider how to manage family finances effectively. Today, we’ll explore two common options: joint accounts and power of attorney for adult children. Understanding Joint Accounts with Adult Children Joint accounts allow multiple people, typically family members, to access and manage…
Demystifying Executor Compensation in Ontario Estates
Executors play a crucial role in estate administration, managing the deceased’s affairs and distributing assets to beneficiaries. In Ontario, these individuals are entitled to compensation for their time and effort. This article explores the intricacies of executor fees in Ontario, providing valuable insights for both executors and beneficiaries. The Legal Framework for Executor Compensation In…
How to Share and Preserve Your Family Cottage: Legal Tips for Future Owners
Owning a family cottage is a dream for many Ontario residents, offering a place of relaxation and cherished memories. Whether you’re considering building or buying a family cottage, you should understand how to effectively share and preserve this valuable asset for generations to come. In this guide, we’ll provide practical legal tips on how to…
Charting a Course for Success in 2024
We recently announced that Jeffrey Murray Law has been honored with three awards from ThreeBestRated®. This year, our firm was recognized as Belleville’s Top Business Lawyer, Real Estate Lawyer, and Top Estate Planning Lawyer for the 6th consecutive year. These accolades stand as a testament to our unwavering dedication to excellence in providing legal services…