Emily Hubling is a partner in the Trusts, Wills, Estates and Charities group at Fasken Martineau DuMoulin LLP in Toronto. She assists clients in fulfilling their complex estate-planning and wealth management objectives, through the use of Wills, Powers of Attorney, Trusts, and Domestic Contracts. Emily holds the Trusts and Estates Practitioner (TEP) designation through STEP Canada.
Few assets pose greater challenges to the estate planning practitioner than the family cottage or vacation property. Not only does the value of this asset often form a significant portion of a client’s net worth, it carries emotional significance for both the owner and family members. As a result, the intergenerational transfer of real property requires careful balancing of tax and legal considerations with a family’s unique interpersonal dynamics.
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