t is getting to be that time again and holidays are around the corner. Do your parents live in another city than you? For many the holiday period is a time when families are spending extended periods of togetherness, which can be both wonderful and challenging. If this is the case, this provides a wonderful opportunity to see how they are managing…..
Aging Parent and Holiday Season (in)Sanity Continue Reading »
Estate PlanningTestamentary contributions to a disabled person’s RDSP can be a helpful estate planning tool, but should be considered together with other tools and in light of all of the circumstances…..
RDSPs as Estate Planning Tools: Worthwhile? Continue Reading »
Canada Revenue Agency, Estate PlanningRegardless of your level of wealth, asset-based philanthropy should be conducted free of public pressure.
….
Is giving 50 percent enough for the very wealthy? Continue Reading »
Charitable Giving, Philanthropy/Charitable GivingNew Zealand may be thanked for our dependants’ support legislation, says Professor David Freedman. What kind of support claims will bedevil our courts in the future?….
What Do Dependants’ Support, Gratuitous Promises and Kiwis Have in Common? Continue Reading »
Elder Care, Elder Law, Estate Litigation, Estate Planning, Succession Planning, WillsGenerally speaking, where property is directly transferred upon death to the deceased’s spouse or common-law partner or a trust for their benefit, such transfers are automatically transferred at cost amount or tax cost amount pursuant to the provisions of the Income Tax Act and no taxable gains on the transfer are incurred. However, there may good reason to elect out of these provisions to trigger taxable capital gains.
….
Spousal Rollovers On Death Continue Reading »
Estate Administration, Estate Planning, Executors, Investments, Small Business, TrustsIn my Blog of October 26, 2010, I described how the U.S. estate tax regime was in a state of flux. Without action by Congress before the end of 2010, U.S. estate taxes are set to revert back to the rates and exempt amount in effect in 2001…..
Uncle Sam Sends a Small Gift for the Upcoming Holiday Season… Continue Reading »
Canadian and US Tax Treaty, Estate Planning, United States, US Taxes