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Farheen Sher | Formal Will

what is probate

What is Probate in Canada: Explained in the Most Basic Way

Updated: June 2024 Probate can sound confusing; it sounds as if it is a complex legal term that involving a lot of paperwork, time, and money. At it’s very core, this process is simply about validating the authenticity of a Last Will and Testament. It is often a misunderstood aspect of estate planning and administration. […]

Online will Canada

Online Wills in Canada

Updated: June 2024 As our world becomes increasingly digitized, the importance of navigating online becomes essential. This includes preparing for what’s best for ourselves and our loved ones. We need to protect both our digital and physical assets. This is where online Wills come into play. It is a testament to the marriage of technology […]

Estate Planning in Canada

Estate planning in Canada: What it is and why it’s important

Updated: June 2024 We all have something of value to pass on to our loved ones; that is what estate planning does and why you should plan for your estate as soon as possible. Our estates are comprised of our assets, items and all of the things that we all own. This can include anything […]

Rich person enjoy money

How rich families are passing on their fortunes to their heirs

Updated: June 2024 A supposed “wealth transfer” is occurring. How do rich people pass on their fortunes to their heirs? What can you learn from them? A whopping $84 trillion in assets will trickle down to Millennials and Generation X. Families should (hopefully) put a lot of thought and planning into how that wealth will […]

A romantic couple

When Should I Update My Will? Navigating Life’s Twists and Turns

Updated: June 2024 When do you need to update your Will? Estate planning is an ever-evolving process that adjusts and adapts to the ebbs and flows of our lives. Central to this is your Last Will and Testament. But creating a Will isn’t a one-time affair; life’s unpredictability demands regular revisions. So, how do you […]

Life Insurance

Life Insurance 101: How Much Coverage Do You Really Need?

Updated: June 6 2024 | 6:45 pm Ah, life insurance. It’s not a fun topic; it conjures up images of complicated paperwork and it sounds..boring. But if you’re dealing with estate planning, the issue of life insurance is always going to pop up. So let’s break this down over a virtual coffee (or wine, I […]

International flags. Executor outside Canada.

Can I Use a Foreign Executor for My Will in Canada?

Who is going to be the Executor for your Will? While your mulling over that question, have you considered picking an Executor who lives near you? Or have you decided on an Executor who lives in another city or even another country? What would the difficulties be in having an Executor who doesn’t live near […]

small golden labrador retriever on a silver chain looking to the left

The Top 5 Pets who are richer than you

We love our pets. We even sometimes treat them better than other human beings; we spoil them, pamper them, and in some cases, treat them as if they were our children. While many of us include provisions in our Wills for the care and well-being of our pets, some animals (just like humans) have struck […]

Antique Heirlooms

Ever Wonder how appraisal of Heirlooms works?

Imagine a scenario where you inherit a small fortune from a rich aunt who has passed away. It’s the stuff of..soap operas. Someone is in dire financial straits and along comes an inheritance from a rich relative who you knew nothing about. If that relative left behind a small fortune in the form of gold […]

Casket at a funeral

Top Funeral Services Providers in Canada

It’s not the most pleasant thing to thing about: would a casket or burial look better at your funeral? People don’t like thinking about making arrangements for their own funeral. Just like Will creation, it is something that you shouldn’t put off. It will spare headaches and confusion for your loved ones if you have […]

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