Estate Planning and Estate Administration: Issues for Consideration when Dealing with Professional Corporations
Speakers: Kristina Hyland and Catherine Olsiak of Simpson, Wigle
The presentation focuses on issues to consider when estate planning or administering an estate for a client with a professional designation who is practicing under a professional corporation. The presentation will focus on the use of multiple Wills, Executor Appointments, potential conflicts, implications of incapacity, differences in the requirements of the different professional bodies, considerations in a sale of the professional corporation, surrender of certificate of authorization, etc.
Kristina Hyland is an associate at Simpson Wigle Law LLP. Simpson Wigle is a business law firm with offices located in Hamilton and Burlington. Kristina’s practice is focused in the areas of Wills, Trusts and Estate Administration and Corporate law. Her estate practice includes estate planning, administration and family business succession. Her corporate practice includes incorporating and organizing companies, preparing partnership and shareholder agreements, and the purchase, sale and financing of businesses. Kristina is a volunteer for the Hamilton Small Business Enterprise Centre and a committee member for the Hamilton Law Association’s Estate and Trust Seminar and co-chaired the 2009, 2010, 2012 and 2014 event. Kristina currently sits on the board of directors of Idlewyld Manor and the Burlington Community Foundation.
Catherine Olsiak obtained her B.Sc. in Nursing in 1988 from the University of Western Ontario. From 1988 to 1991 she nursed in three major Toronto hospitals in the cardiology department, trauma intensive care unit, and cardiovascular intensive care unit. In 1993 Catherine obtained a Masters of Science in Community Health and Epidemiology from Queen’s University. She obtained her LL.B. in 1996 from the University of Windsor and called to the Bar in Ontario in 1998. Catherine practices at the firm of Simpson Wigle Law LLP in the areas of Wills and Estates, Trusts, Incapacity Planning and Health Law. Catherine completed the Osgoode Certificate in Elder Law in May of 2015. Catherine has maintained her nursing registration (non-practising) with the College of Nurses of Ontario and currently is a legal advisor on the committee for the Registered Nurses’ Association of Ontario – Legal Assistance Plan. Catherine has sat on various boards in the Hamilton community and is currently a member of the Board of Directors of the Idlewyld Manor Foundation and sits on the Governance, Mission and Values Committee of the St. Joseph’s Hamilton Joint Boards of Governors. Catherine is a member of the Hamilton Law Association, Wills and Estates and Health Law subsections of the Canadian Bar Association and Estate Planners’ Council of Hamilton. Catherine is also a member of the Family Firm Institute, U.S.A, and the International Association of Attorneys for Family Held Enterprises.