In this paper co-authored by Justin de Vries and Tyler Lin, the authors deal with the “hotchpot clause”, a common estate planning tool.
Part I of this paper addresses what is, and is not meant by this term with multiple meanings. Part II of this paper examines the three reasons for why, in the current estate planning climate, this once commonly used tool is no longer so popular. In Part III, the authors speculate on the future of the hotchpot clause, as well as why and how it might be brought back to popularity.
This paper was published by the Law Society of Ontario’s annual Six-Minute Estate Lawyer (2021) program: Hotchpot Clauses What Happens to Debt on Death – Final