Monthly Archives: July 2017

Are You Governed By a Regulatory Body? Read This. | Diamond & Diamond Real Estate Lawyers

Are You Governed By a Regulatory Body? Read this.

Are you an employee or independent professional who is governed by a regulatory body?

Do you pay annual fees along with professional responsibly insurance? Are you governed by a regulatory body? Do you fall into one of these categories?

Medical Professionals

Legal Professionals

Doctors, Nurses, Dentists, Dental Hygienist

Lawyers, Paralegals,

Massage Therapists, Therapists, Psychologists

Financial Professional

Midwives, Homeopaths, Chiropractors

Accountants, CGA, Investment Advisors,

Real Estate Professionals

Mechanical or Industrial Professionals

Real Estate Brokers, Real Estate Agents

Engineers, Architects,

Mortgage Brokers, Mortgage Agents

Education Professionals

Builders, Insurance Brokers

Professors, Teachers

The honour of being a professional also comes with the weight of being held to a higher legal standard when performing your duties.

While in the process of providing your services to your clients or affiliates any professional can become involved with a professional negligence complaint, or worse, a legal action.

The penalties and punishments for allegedly failing to meet professional standards can have significant results such as:

  • A claim being made to your professional negligence tribunal or body.
  • A disciplinary proceeding in front of your relevant professional licensing association.
  • An employer may also be subject to liability for the professional negligence of its employees.

The lawyers at Diamond and Diamond are well trained in such matters and can offer our professional clients the knowledge and expertise they need to properly pilot them through those difficult times.

We have the experience and knowledge needed to handle any litigation and regulatory body complaints before any professional licensing bodies.

With the help of one of our well-respected and highly regarded lawyers in the areas of civil litigation and administrative law we can provide you with the piece of mind needed to overcome any allegation.

We understand your need to quickly answer and deliver an effective solution to resolve any claim or complaint issued so we can safeguard your professional career and financial security.

We are the peoples law firm protecting your rights in every arena including those working under the rules of a professional standard.

Call us today.

Do I Need a Legal Will? | Diamond & Diamond Real Estate Lawyers

Do I Need a Legal Will?

Why a Legal Will is Important

There are many different aspects of the estate planning process from which you can benefit from consulting directly with an estate planning lawyer, including making sure you have a legal will in place.

Many individuals may be under the impression that they do not need a legal will, but this is a basic estate planning tool that can allow you to name what will happen to your assets if you were to suddenly pass away.

The basic purpose of a will is to allow you, the creator and you’re also referred to as the testator, to speak after death with regard to how your assets are distributed.

The instructions are in a written format so that others can completely understand your intentions when you are no longer around to articulate them.

After you pass away and leave your estate behind, your loved ones will be responsible for making decisions about what happens to your belongings.

If you leave these in a testamentary document such as a legal will, you can save those loved ones the frustration and time associated with legal hearings by clearly articulating your concerns.

What Happens if You Don’t Have a Legal Will in Place

In the event that you pass away without a legal will, your assets are distributed under the rules of the Succession Law Reform Act of Ontario.

These set out a hierarchy for the distribution of your individual assets based on your family’s circumstances at your death.

For example, if you are married but have no children, the estate would pass completely to your spouse.

If you are married with children, and your estate is valued less than $200,000, your estate will also pass to your spouse. If your estate is worth $200,000 and you have one child, the amount above $200,000 is split in half between your spouse and the child.

If you have more than one child and are married and your estate is worth more than $200,000 the estate is divided into equal shares for your spouse and your children.

If you have children but are not married, your estate is divided equally among your children, and if you have no children and are not married, your estate will be divided equally between your parents.

Planning ahead can help minimize the frustration for your loved ones.