Every business changes over time. Businesses change the products they sell, their corporate culture and the people who keep the enterprise running. Many companies also go through changes in their structure. For example, if you are a small business owner, you may...
FILICE LAW BLOG
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Is it time to update your estate plan?
Every adult in Ontario should have an estate plan in place. Though it may be uncomfortable to make decisions regarding incapacity and end-of-life care before you need to, the fact is that doing so can give you and the people you love peace of mind.However, to ensure...
New business owners: 4 things to watch for when signing a lease
Real estate can be one of the most expensive parts of operating a business. And any missteps or oversights could have costly consequences, including loss of space. Therefore, small business owners should make every effort to avoid problems, and this can start before...
Conditions that could make or break a real estate transaction
Buying a home is one of the most significant purchases people will make throughout their lives. With hundreds of thousands of dollars on the line and a person’s living situation and lifestyle, buyers and sellers should carefully consider how they can protect...
4 mistakes to avoid as the trustee of an estate
Serving as trustee for the estate of someone who has passed away is a major responsibility. Missteps and errors by a trustee can result in conflicts, delays and financial damages, all of which can disrupt familial relationships and result in long-term consequences.As...
The Probate Process and Multiple Wills
When someone passes away and you are the designated estate trustee, you will likely need to access the deceased's funds and accounts in order to settle the estate. In order to do this, it may be necessary to have the will probated. The probate process involves levying...
What is condominium ownership?
Condominium ownership is a different type of property ownership than owning a house. There are many similarities, but there are some important distinctions that home buyers should be aware of as they do their research.One of the differences is that a condo corporation...
Why Would Someone Draft Two Wills?
Like many legal queries, the answer to this question is not black and white. However, the most common reason for individuals create a primary will, and then a secondary will, is to avoid paying unnecessary probate fees. The other most common scenario is that secondary...
Must Sellers Disclose Cannabis Was Cultivated In Their Home?
Cannabis legalization presents home sellers with a problem: must they tell buyers that their home was used to grow cannabis in any amount? The stigma of cannabis cultivation or even consumption in a home is not an idle question. Forty-eight per cent of Canadians in a...
Doing your homework before you buy a business
Making the decision to purchase a business can be exciting. You likely have a thousand ideas in mind for what you will do with the business, how to expand it and how to increase its profitability. You may be tempted to take a leap of faith and dive right in to the...