A contract is a legal agreement between two individuals that gives rise to an obligation that is able to be enforced by the courts. A contract, to be valid, requires the meeting of the minds of all parties to the contract; this is known as consensus ad idem.
Title and Real Property
Holding title to real property refers to the interest of a particular individual who has legally recognized ownership of property. More traditionally, title to real property was used to refer to an individual who has the legal right to use the property. Today, title to real property can be held in several different forums.
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Director and Officer Liability
Estate Considerations for RRSP and RRIF
One of the best gifts you can leave your family after you pass away is a well thought out estate plan that can minimize tax obligations. Often, Registered Retirement Saving Plans (RRSP) and Registered Retirement Income Fund (RRIF) make up a large portion of an estate, which is why concern regarding these accounts is important when developing an estate plan.
Tax Concerns and Leased Property
Within a real estate transaction, not all property is transferred in the traditional sense that both the dwelling and the subsequent land are conveyed in fee simple. An increasing number of transactions include purchases where the dwelling is conveyed in fee simple, but the land itself is merely leased to the occupant.
The Industrial Design Act
Locating a Missing Beneficiary
Administering an estate is often a straightforward process. Once an individual has passed away, the named executor has a duty to distribute the deceased’s estate according to the terms of their Will. This includes, but is not limited to identifying and locating the beneficiaries who are set to receive an inheritance. However, what happens when the executor is unable to locate a beneficiary?