Director's Liability: How Can a Director in Nova Scotia Ensure They Are Meeting Their Obligations?

Director's Liability: How Can a Director in Nova Scotia Ensure They Are Meeting Their Obligations?

The role of directors in a company and the liability they can incur by their actions is not often the subject of mainstream news reporting. It sometimes comes up when discussing corruption in large multinational companies. However, a recent local court decision has shone a light on this infrequently discussed topic. 

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Are You Really Approved? The Difference Between a Nova Scotia Mortgage Pre-Approval and Approval.

Are You Really Approved? The Difference Between a Nova Scotia Mortgage Pre-Approval and Approval.

Getting pre-approved for a mortgage is a great first step in your home shopping process. It will give you an idea of how much you qualify to borrow, which in turn gives you a budget to work with when you are looking. This is a number to work with before you decide on a certain property. It is important to note that there is a difference between pre-approval and final approval for your mortgage.

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Consequences of Not Getting Legally Divorced in Nova Scotia.

Consequences of Not Getting Legally Divorced in Nova Scotia.

Many people who have been through a separation in Nova Scotia decide they will never get married again, so they think why bother getting divorced. While remarriage is one of the main reasons that long-term separated couples are motivated to get a divorce, there are some other important reasons you should consider.

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Who Keeps the Engagement Ring If You Split up Before Marriage in Nova Scotia?

Who Keeps the Engagement Ring If You Split up Before Marriage in Nova Scotia?

Not all relationships are meant to last. If a relationship is going to end, it is better for it to end before marriage than after. In cases where a couple is engaged and the wedding is called off, a practical concern can arise, what happens to the ring?

 

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What is Probate in Nova Scotia?

What is Probate in Nova Scotia?

A somewhat alarming statistic is that nearly 50% of adult Canadians do not have a valid Will. Drawing from that, I am going to imagine that an equally large number of people in Nova Scotia are unfamiliar with probate. This blog will take a look at what probate is and why many people would wish to avoid it.

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Buying a New Build in Nova Scotia?: Don't get caught with unfinished business.

Buying a New Build in Nova Scotia?: Don't get caught with unfinished business.

It is always exciting to buy a brand new home. New builds are often customized to you in ways that buying a home that is already built would require extensive renovations to achieve. This advantage comes with it own set of potential issues. One of the big common ones is "deficiencies". These are the things that are not completed by the builder as of the closing date. Best case scenario there are none, or they are minor things that needing to be finished.

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Wondering If You Can Legally Separate in Nova Scotia Without a Messy Court Battle? Consider Collaborative Family Law

Wondering If You Can Legally Separate in Nova Scotia Without a Messy Court Battle? Consider Collaborative Family Law

It is perhaps a bit obvious to say that divorces can be messy and that many families struggle to pick up the pieces after a nasty separation. But it doesn’t have to be that way.

When people use court to resolve their disputes they are relying on a stranger, the judge to make major decisions about their life. In a family law context this means a judge can decide when and where you will see your children, how much money flows to or from your spouse, where you can live and even what happens to your house.

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Property Taxes in HRM, NS: What you need to know

Property Taxes in HRM, NS: What you need to know

There has been some recent discussion in the Halifax Council of the idea of removing the provincial assessment cap for annual property taxes. As a result I thought now would be the perfect time to review the cap, and some other details about property taxes in HRM that you should know, if you own, or are looking to buy a home in the area.

 

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Date of Separation – What does it mean for Nova Scotia couples?

Date of Separation – What does it mean for Nova Scotia couples?

In most cases, people can agree on the date of separation. When my clients ask me how to decide when they were separated I ask them when they stopped acting like a married couple. There is no one thing that marks a separation definitively (although one person moving out is usually a pretty good indication).

 

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Who Has to Pay Child Support in Nova Scotia?

Who Has to Pay Child Support in Nova Scotia?

Because each family and every situation is different, family law can be a unpredictable area of law. There are lots of grey areas and not very many things are carved stone. Child support proves to be the exception to this uncertainty because it tends to be clear cut by comparison.

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Copyright Tips for Small Business in Nova Scotia

Copyright Tips for Small Business in Nova Scotia

One of the items on my ever growing “To-Do” list was to write a blog post outlining the copyrighting issues that the average small business owner should be aware of.  And like a gift, sent directly to my inbox, came this exceptionally well written guest blog post by my colleague Corinne Boudreau of Legal Essentials Inc. via my subscription to Linda Daley’s blog ‘Work better, not harder’. As the saying goes, there’s no point trying to re-invent the wheel so instead of attempting to write basically the same thing, I decided to share her post instead:

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Consequences for Your Loved ones if you Die Without a Will in Nova Scotia

Consequences for Your Loved ones if you Die Without a Will in Nova Scotia

A common (and troubling) statistic is that approximately 50% of adult Canadians do not have a valid Will.  The reasons why people haven’t yet prepared their Wills are varied but I’ll suggest one of the more important is that they don’t understand the consequences of dying without one.

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Prevent Heartache By Having a Lawyer Review Your Nova Scotia Commercial Lease – The Rent Increase Control Clause

Prevent Heartache By Having a Lawyer Review Your Nova Scotia Commercial Lease – The Rent Increase Control Clause

I recently came across a story in the news highlighting the unfortunately common situation where a small business owner is facing financial disaster as a result of terms in their commercial lease they didn’t fully understand when they signed.  Cash flow challenges are reality for most small business, particularly those in the start up phase.  As a result, many view spending money to have a lawyer review what appears to be a standard lease is a luxury they can’t afford.

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Thinking of buying a home in Nova Scotia ? : First step - determine your budget.

Thinking of buying a home in Nova Scotia ? : First step - determine your budget.

Buying a new home can be a very exciting prospect, however, there are also a lot of practical realities that go along with buying and owning a home. The first thing you should do before looking at any homes is determine your budget.

This means sitting down with a mortgage professional before you start your search in order to determine what you can afford. It can be a heartbreaking experience looking at homes outside of your budget, not to mention it wastes your, and your realtor's time and resources that could be better spent looking for the right house for you.

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What is Title Insurance for Nova Scotia property, and why do you care?

What is Title Insurance for Nova Scotia property, and why do you care?

What is Title Insurance?

First things first: the word "title" refers to your legal right to own, use, mortgage and sell real property. Title Insurance is there to protect your legal interest, and often that of your lender, in your property.

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What happens when your real estate deal in Nova Scotia falls through?

What happens when your real estate deal in Nova Scotia falls through?

Failing to close on a purchase or sale obviously isn’t anyone’s Plan A, but it does happen. What does Plan B look like?

Some of the reasons that a deal might fall through on closing day include, financing issues, a buyer purchasing a home on the condition that their previous home sold, major issue arises on inspection or pre-close walk through that cannot be resolved.

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Inspection and the Final Walk-through for real estate purchases in Nova Scotia: Bring it up on or before closing day or forever hold your peace.

Inspection and the Final Walk-through for real estate purchases in Nova Scotia: Bring it up on or before closing day or forever hold your peace.

One major piece of the picture when buying your home is inspecting the property to decide A) what issues there are and B) how they will be addressed OR if you are willing to live with them.

Professional Inspection

One of the first steps after you have signed an agreement of purchase and sale is a home inspection. It is always a good idea to use a professional home inspector come in and do an inspection of the home you are considering buying. Their job is to flag any issues that may change your mind about purchasing the property, or the price you are willing to pay for it.  The inspection is the opportunity to raise issues that will need to be addressed. As a result there may be further negotiations with the seller to either take care of the issue prior to closing, or sell at a lower price so you will have the money to fix it. You should look for an inspector that has both liability AND errors and omissions insurance. This protects you not only from any damage they might cause while on the property to do the inspection, but also provides you with possible recourse if they miss something important on the inspection.

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How to find the best Nova Scotia mortgage broker for you.

How to find the best Nova Scotia mortgage broker for you.

It can be hard to decide who is best to help you find the right mortgage.  What makes one broker a better fit for you than another? While the search can seem overwhelming, it is worth taking the time to find the right broker for you. A few tips to help you make this choice:

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