With the arrival of the new year, it may be a good time to review your affairs and ensure that they are in order. Here are a few items you may wish to consider.


Automobile Insurance:
– Do you have adequate coverage? See our earlier posts regarding third party liability limits and UMP coverage.
– Have there been any changes that affect the restrictions on your insurance policy (for example, are you starting a new job which will increase the length of your commute, or has one of your children reached driving age)?

Home and Condo Insurance:
– Do you have sufficient policy limits to replace your home and/or its contents in the event of a loss?
– Do you wish to consider increasing or reducing any of your deductibles?
– Are all of your home’s contents covered by your insurance? Remember that some valuable items, such as art work or jewelry, may not be covered by your basic homeowner’s insurance.

Renter’s Insurance:
– Do you have coverage? Remember that your landlord’s insurance likely does not cover the contents of your rental premises.
– Does your policy limit accord with any coverage requirements in your lease agreement?

Life and Disability Insurance:
– Do you have sufficient coverage to meet your needs?
– Is the beneficiary of your life insurance named correctly?

Estate Planning:
– Is your will up-to-date?
– Are you are planning a wedding or experiencing the breakdown of a relationship? This may affect your current will and the way in which you wish to bequeath your estate.
– Have you thought about the person or people who you would wish to look after your children in the event of your death?
– Have you taken advantage of any strategies to reduce your tax burden?

– Do you need to change the structure of your company?
– Are you planning to buy or sell a business or home this year?
– Have you considered the tax implications of upcoming corporate transactions?

Do you have a succession plan?


A few minutes of thought now may help to prevent some unpleasant surprises down the road. Members of our Corporate/Commercial and Insurance practice groups can assist you with any queries you may have.

Contact DuMoulin Boskovich LLP for your legal needs.