“My assets are huge, just huge. If I had to put them into a blind trust, it would be the blindest trust of all time. You would have to stare directly into a solar eclipse to achieve the blindness of my trust.” – President Donald Trump (but not really) What better way to celebrate The Fourth of July than by making fun of politicians? Let the fireworks begin….. Oh,….
Blind Trusts and Fireworks Continue Reading »
In the News, Trusts
A recent case involving the estate of Canadian artist and figure skating legend, Toller Cranston (“Toller”), highlights the importance of estate planning for artists. Administering posthumous intellectual property can be complex and without guidance from the testator, disputes will often arise between trustees and the estate’s beneficiaries due to competing interests. Toller died in 2015 while living in Mexico. He left no will. Toller was a prolific artist and his….
In Whose Best Interests? Estate Planning for Artists Continue Reading »
Estate Planning, Executors, WillsIn the past few years, many associated with this blog have written about the benefit of post-mortem pipeline transactions to avoid double tax on disposition of certain assets. Again, and briefly, a pipeline transaction is a form of transaction whereby the assets of a corporation are distributed to shareholders utilizing the high adjusted cost base resulting from the capital gains realized on death, rather than as a distribution in the….
The Life of Pipeline Transactions: The Beat Goes On Continue Reading »
Canada Revenue Agency, Estate Planning, Investments, Property, Real Estate, Small Business, Tax Issues, Trusts
A few weeks ago there was an announcement that the Federal health minister earmarked $50 million over 5 years to support our new dementia strategy. You may recall that the National Strategy for Alzheimer’s Disease and Other Dementias Act was passed in June 2017, which at that time, was a great birthday present for our 150th birthday. Following several consultations, 5 principles were established to guide the process. Prioritize quality….
Happy Birthday: Our Updated Federal Dementia Strategy Continue Reading »
Elder Care, In the News, Uncategorized