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Monday, February 28, 2011

Evolution of business names from "& Sons" to "& Daughters"

This story from the UK talks about how it's still unusual to see a family firm with the words "& Daughters" in it. We are all used to seeing "& Sons", which of course has been a traditional form of business name for many, many years. Using the new business name has been a great business boost for the business owner featured in this story. Ever think about this when doing your own business succession planning? Click on the link below to read the story.

Get ahead with the family business name


  1. I am posting on this olf blog, I hope you see it.
    My father passed away several years ago. My mom recently. I have one sibling. I am the executor. one of the investments was a joint survivorship. Others were TFSA and RRSP. Due to circumstances, all these are going to be deposited into her estate. Initially there was no need for probate-ths is NB and I was directed by her lawyer that no probate required. Will this now change the circumstances and require probate? He has told me most wills in Ontario are probated, while most in NB are not.

    1. It sounds as if probate will now be required. It wasn't initially required because joint property and assets with a named beneficiary (TFSA and RRSP) normally don't fall into an estate and therefore there's nothing to probate. However, with those assets now going into the estate, the situation is very different.

      You may still find that probate is not required if the value of those assets is very low, say all together less than $10,000. The bank holding the assets might be persuaded to release them without probate. Otherwise, you will more than likely find that you will need to get probate to gain access to the estate assets.

      I don't know whether or not it's true that most wills in NB are not probated. It really depends on the type of asset, how they are held, and their value, and those principles are the same across the country.



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