Life estate

This category contains 3 posts

‘Come hither, Little One,’ said the Crocodile

The great tragedy of any will that  omits children, or provides for a grossly disproportionate split, is the difficulty to assess the whys and hows of the matter when the who is dead. Matters can be further complicated when the sole recipient of their parent’s bounty is also the sole executor. Consider for example Estate … Continue reading

Trust Fundamentals Webinar

Trusts are the best long-term intergenerational form of asset protection.  However, as litigation involving trusts increases, questions are reasonably asked regarding the “safety” of trusts.  If you are looing for answers or guidance Vicki Ammundsen is presenting a webinar on February 19th discussing the fundamentals of trusts.  Topics covered by the webinar include: Requirements of a valid trust Differentiation between … Continue reading

Life interest not protected by a trust

A recent relationship property case highlight the often overlooked need to appreciate what is, and what is not, protected by a trust.  The facts are as follows: marriage breaks up husband’s assets, which were owned since before the marriage, were retained by him pursuant to a relationship property agreement some years after the marriage ended … Continue reading