Archive for April, 2014

Transitioning to WESA

As we have mentioned on several occasions, the Wills, Estates and Succession Act (“WESA”) is now in force.  That does not mean, however, that every legislative provision that WESA replaces is entirely obsolete.  Sections 185-190 of WESA contain the transition provisions and provide, in part, as follows: the provisions regarding the validity of wills and… View this post »

An Update on Interests in Discretionary Trusts under the Family Law Act

In a previous post, we discussed some of the issues raised by the new Family Law Act (the “FLA”) in the context of discretionary trusts. Under the FLA, “family property” is divided equally between spouses, and includes all real and personal property owned by one or both spouses at the date of separation, unless the… View this post »

WESA Summary

Further to Amy’s post, our Wealth Preservation Group has prepared a summary of the Wills, Estates and Succession Act which provides an overview of some of the key changes that the new legislation will bring. This summary is in the current issue of our newsletter, Your Estate Matters, and is available here.