#153: Allison McMurter-Hughes -The Hardest Conversation To Have On this episode Gary chats with friend and lawyer Alison McMurter-Hughes about a topic a LOT of people want to avoid - estate planning. Gary & co-host Christopher Hummel have a deep and im

<p class="p1"><strong>#153: Allison McMurter-Hughes - The Hardest Conversation To Have </strong></p> <p class="p3">On this episode Gary chats with friend and lawyer Allison McMurter-Hughes about a topic a LOT of people want to avoid - estate planning. Gary & co-host Christopher Hummel have a deep and important discussion about wills, trusts, probates and estate planning in general. If you have ANY assets, especially real estate assets you SHOULD/MUST create a will to ensure a fairly painless and less difficult transfer of assets once you pass. Whether you want your assets sold and the profits dispersed when you pass, or you are willing/transferring them to someone else, it’s crucial to determine and document this wish BEFORE you pass. This is a must listen episode.</p> <p class="p3"><strong>WHAT YOU'LL LEARN:</strong></p> <ul class="ul1"> <li class="li3">Why you NEED a will and what happens if you don’t have one</li> <li class="li3">The difference between executor and power of attorney</li> <li class="li3">How personal assets are treated vs. a corporation</li> <li class="li3">What happens to a Joint Venture should one partner pass away</li> <li class="li3">Should you put your properties in a joint tenancy with your beneficiary to avoid probate</li> <li class="li3">What should and shouldn’t you put in your will - your couch, your car?</li> <li class="li3">What if your will is contested?</li> <li class="li3">The difference between a trust and a will</li> <li class="li3">Who can be a power of attorney</li> <li class="li3">How often should a will be changed/modified</li> <li class="li3">How trusts can ensure dependents have money for most of their lives</li> <li class="li3">And MORE!</li> </ul> <p class="p3"><strong>Bio</strong></p> <p class="p3">Allison McMurter-Hughes is a Whitby-based lawyer who grew up in the real estate law industry. Starting at McMurter & Associate’s answering the phones, Allison knew she wanted to continue in the industry. Eventually going to Law School, she articled and then practiced at McMu