Mini-Case C: (2 marks) Matt is 70 years old and is very active. He skis in the winter near his cottage at Mont Tremblant and swims every day in the summer in the out-door facilities of his Montreal condo. Matt bikes everywhere. He however had a little scare when he was hit by a car while out on his bike the other day. Luckily, he only had a few bruises, but it made him realize that he had not done any Estate planning. His wife died 5 years ago, and he just started dating six (6) months ago with Mathilda (age 50) who he met online. Matt used to own his own business and was quite successful, which now allows him to live a very comfortable retirement. Mathilda has been eyeing his Porsche and has even suggested that should he die, she would like to have it. Matt's three children do not like Mathilda and believe she is only dating their father for the money. Matt does not care what his children think as he is love-struck by Mathilda and has even taken her advice on parts of the Will. Matt thought it would be a good idea to write a Will, despite his messy handwriting, he knew his kids would be able to figure it out. Matt is not very organized with his paperwork and just keeps stacks of unfiled paperwork all over his desk. He does not know where to hide the Will, and for now just keeps it hidden in the same pile with all his other paperwork and tax returns. Matt named his best friend Louis as Liquidator but has not yet seen him since the COVID restrictions are in place, nor has yet told him (or asked him) about being his Liquidator. He wanted to do this face- to-face as this was an important discussion and wanted to show him the location of the Will. Matt believes if he had told Louis, that he would not remember, as Louis is 85 years old and quite forgetful. a) Give three (3) problems that could arise? (1.5 marks - 5 marks each) b) Which kind of Will would you recommend to Matt and why? (.5 mark - 25 each) Mini-Case C: (2 marks) Matt is 70 years old and is very active. He skis in the winter near his cottage at Mont Tremblant and swims every day in the summer in the out-door facilities of his Montreal condo. Matt bikes everywhere. He however had a little scare when he was hit by a car while out on his bike the other day. Luckily, he only had a few bruises, but it made him realize that he had not done any Estate planning. His wife died 5 years ago, and he just started dating six (6) months ago with Mathilda (age 50) who he met online. Matt used to own his own business and was quite successful, which now allows him to live a very comfortable retirement. Mathilda has been eyeing his Porsche and has even suggested that should he die, she would like to have it. Matt's three children do not like Mathilda and believe she is only dating their father for the money. Matt does not care what his children think as he is love-struck by Mathilda and has even taken her advice on parts of the Will. Matt thought it would be a good idea to write a Will, despite his messy handwriting, he knew his kids would be able to figure it out. Matt is not very organized with his paperwork and just keeps stacks of unfiled paperwork all over his desk. He does not know where to hide the Will, and for now just keeps it hidden in the same pile with all his other paperwork and tax returns. Matt named his best friend Louis as Liquidator but has not yet seen him since the COVID restrictions are in place, nor has yet told him (or asked him) about being his Liquidator. He wanted to do this face- to-face as this was an important discussion and wanted to show him the location of the Will. Matt believes if he had told Louis, that he would not remember, as Louis is 85 years old and quite forgetful. a) Give three (3) problems that could arise? (1.5 marks - 5 marks each) b) Which kind of Will would you recommend to Matt and why? (.5 mark - 25 each)
