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Wills and Estates Archives

Lack of preparedness could see more adults fighting over parents' wills

Last year, a CIBC report indicated that an estimated $750 billion in assets is expected to pass into the hands of baby boomers over the next decade. That's a lot of wealth transferred - in fact, the largest expected in Canadian history. Yet, before the windfall, many families are likely to weather storms as disputes arise between heirs over the distributions. If you're an adult child, then a recent BMO report may serve as a good wakeup call, signalling the wisdom of advance planning and communication with both your siblings and parents.

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Merovitz Potechin LLP
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Ottawa, ON K1Z 8R1

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