Nika News
How Often Should You Update Your Will? A GTA Guide
A will is not something meant to be written once and forgotten, though it’s treated that way by plenty of people. In many cases, a document drafted a decade ago is, in a way, no longer reflective of a person’s family, assets, or wishes at all. Life changes; marriages happen, children arrive, properties get sold. As it turns out, most estate plans are reviewed only after something has gone wrong, a fact that’s often discovered by families during probate. So the real question isn’t just how often a will should be updated, but what actually triggers the need, bit by bit, over time.
Common Estate Planning Mistakes Families Should Avoid
Estate planning errors are found far more often than families tend to expect, and the consequences are usually felt at the worst possible time. A will left unchanged after a second marriage, a power of attorney signed without proper advice, a beneficiary designation that was never filled in; these are the kinds of oversights that quietly build into serious problems. As it turns out, many of these mistakes aren’t made out of carelessness. The process simply wasn’t explained clearly enough, and that gap tends to cost families more than money, though exactly how much more is something that varies, quite a bit, from one situation to the next.
Choosing Your Estate Trustee: What You Need to Consider
It’s Make a Will Month!
It’s Make a Will Month! Jack Fallon from NIKA LAW will be giving free presentations to the community about Wills and Power of Attorney documents at three Toronto Public…
NIKA LAW Wins Employer of the Year!
NIKA LAW Wins Employer of the Year! For the year of 2024, NIKA LAW was named as a finalist in three categories…
Debts Of the Deceased And Estate – What Executors Need To Know
Debts Of the Deceased And Estate – What Executors Need To Know Written by: Marie Kazmer, JD & Kavina Nagrani, C.S., JD,…
Small Business Owner? A Caution About Who to Nominate As Your Estate Trustee.
Small Business Owner? A Caution About Who to Nominate As Your Estate Trustee. Written by Jack Fallon If you have a Canadian…
Where should I store my Last Will?
Where should I store my Last Will? By: ADAM DE LUCA A Will is one of the most significant documents you will…
NIKA LAW LLP wins TWO awards at the 16th Annual STEP Private Client Awards!
NIKA LAW LLP wins TWO awards at the 16th Annual STEP Private Client Awards! We are proud to announce that NIKA LAW…
Happy Holidays From Our NIKA Family To Yours
Starting a law firm in the midst of a global pandemic has been both challenging and rewarding. We at NIKA LAW LLP…