Estate planning during COVID-19

The current COVID-19 pandemic has resulted in many pausing to reflect on their estate and incapacity planning. The barrage of news headlines about the health crisis and forced time at home have understandably led individuals to more thoughtfully consider the plans they have in place or plans they would like to implement. Legal professionals throughout Canada have noticed an increased interest in estate planning in recent weeks.

General requirements for signing formal wills and powers of attorney or protective mandates

Generally, formal wills and powers of attorney in most provinces throughout Canada require an individual to sign their documents in the presence of one or two witnesses who are physically present at the same time. In Quebec, formal wills and protective mandates are generally signed before a notary or in the presence of witnesses. The physical distancing measures imposed have made it more difficult to meet these requirements and complicated the execution of formal wills, powers of attorney and protective mandates. Some provincial legislatures and many estate planning professionals have come up with innovative ways to overcome the hurdles that have arisen as a result of this pandemic.

Signing wills, powers of attorney or protective mandates in our current climate

On April 7, an Emergency Order in Council was issued by the Ontario government authorizing the virtual witnessing of wills and powers of attorney for property and personal care during the declared state of emergency. In Saskatchewan, virtual witnessing was authorized on March 25 with respect to enduring powers of attorney, and on April 16 in relation to wills. Similarly, on May 14, Manitoba passed The Emergency Measures Act which temporarily permits the execution of wills, powers of attorney and health care directives with virtual witnesses, provided certain conditions are met. All of the emergency measures passed by these three provinces require the involvement of a lawyer or paralegal (Ontario only) in the witnessing process.

The Quebec government has temporarily permitted notaries, beginning April 1st, to sign notarial acts (including Wills and Protective Mandates) remotely through electronic means.

Provinces such as British Columbia, Alberta, Nova Scotia and New Brunswick, have not at this time invoked legislative changes to address the issues with executing Wills and Powers of Attorneys that have arisen. In some of these provinces, the legislation governing formal Wills and Powers of Attorney already include curative provisions that may be relied upon for such documents that do not comply with all legal requirements, including those surrounding witnessing. However, a court application to obtain an order or declaration may be necessary in order to validate such Wills or Powers of Attorney.

Handwritten wills

Wills completed entirely in the handwriting of an individual without the requirement of witnesses (holographic wills) may be considered by those who live in provinces in which they are recognized (e.g., Alberta, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Newfoundland and Saskatchewan). While holographic wills may be effectively executed during these difficult times of physical distancing, they may not be suitable for everyone, especially those with complex estate plans. Holographic wills should be undertaken with the guidance and oversight of a knowledgeable legal professional.

What should individuals do?

Given the continuously changing nature of the response to the pandemic, and the variety of approaches taken by legislatures and practitioners, anyone contemplating changes to their estate documents should consult with their trusted legal professional to determine the correct approach for them to finalize their estate documents. Although these difficult times present unique challenges for the execution of estate documents, rest assured that it is possible to move forward with estate planning without delay.

How we can help

Your Assante advisor can help you assess the impact of these proposals on your personal finances or business affairs and show you ways to take advantage of their benefits or ease their impact.

This communication is published by CI Assante Wealth Management (Canada) Ltd. (“AWM”) as a general source of information only.  It should not be construed as providing specific tax, accounting, legal or investment advice, and should not be relied upon as such.  Professional advisors should be consulted prior to acting on the basis of any information provided herein.  AWM and its affiliates will not be responsible in any manner for direct, indirect, special or consequential damages, howsoever caused, arising out of the use of this communication.

Facts and data provided herein are believed to be reliable as at the date of publication, however AWM cannot guarantee that they are accurate or complete or that they will remain current at all times.