Session 5: An Overview of the Equalization Election

This is a recording of Session 5 of our 2024 Lunch and Learn Series: An Overview of the Equalization Election.
Maintaining a reminder system about the upcoming limitation periods in the Family Law Act is crucial for estate lawyers to avoid breaching the application limitation period to apply for equalization. This CPD will discuss best practices for maintaining a reminder system so that lawyers can avoid seeking an extension to elect under the Family Law Act, or at least seek an extension before the limitation period has already passed.
Topics include:
An overview of the model of equalization of net family property provided under the Family Law Act in the testamentary context.
Limitations and Motions to Extend Time.
Elections, deemed elections, and whether the Court may allow a re-election.
Impact on entitlement to assets passing outside the Estate by the electing spouse.
Planning techniques.
More details can be found here: learn.wagnersi...
The discussion paper can be found here: learn.wagnersi...
Presented by Brad Phillips (partner at Wagner Sidlofsky LLP), Erin Betts (family lawyer and partner at Epstein Cole LLP), and Alyssa Weinerman (family lawyer and partner at Epstein Cole LLP).
Special thanks to the following sponsors for their financial support of this program:
Scotia Wealth Management (Platinum)
B’nai Brith Canada (Platinum)
Wagner Sidlofsky LLP (Platinum)
Epstein Cole LLP (Platinum)
Concentra Trust (Gold)
BMO Private Wealth (Silver)
Torkin Manes Barristers & Solicitors (Bronze)
WeirFoulds LLP (Bronze)
Solus Trust (Bronze)
TD (Bronze)