When siblings fight. One adult child is asked to be POA for finance and one for care. So what happens when they disagree? This can be further complicated when two POA’s are appointed jointly…..
Sibling Rivalry- All Grown Up. Continue Reading »
Elder Care, Estate Planning, Family Conflict, Geriatric Care Management, Power of Attorney, Powers Of Attorney and Guardianship DisputesThere are lessons for everyone in the way the rich focus on long-term financial planning and wealth transfer…..
Learning from the rich Continue Reading »
Estate Planning, LoansA testator excludes his 4 adult daughters from his estate, leaving everything to his son. A B.C. court effectively redistributes the estate equally between the testator’s children. Can this happen in Ontario too?….
Werbenuk v. Werbenuk: Righting a Will’s (and a testator’s) Wrongs Continue Reading »
Contested wills, Estate Litigation, Estate Planning, Family Conflict, Succession Planning, WillsMuch has been written by the contributors to this blog about the various taxes arising in the year of death. As a tax adviser I will look for a way to either reduce the final tax or, at a minimum, defer some of the final tax to a later time. One such way of deferring the tax arising on death is for the executor to make one final registered retirement savings plan (RRSP) contribution for the year in which a person has died.
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RRSP contributions in the year of death Continue Reading »
Estate PlanningFurther to my colleague Corina Weigl’s discussion of U.S. estate taxes, I thought readers might be interested in a U.S. constitutional litigation that has been launched in response to the U.S. estate tax burden borne by the survivor of a same-sex marriage…..
U.S. Estate Tax Burden Results in Challenge of US Federal Marriage Law Continue Reading »
Estate Planning, US Taxes