It is with the heaviest of heart that I write today’s blog after saying my final goodbye to my mother. My mother often inspired my writings and most Monday’s she would send me a note, saying no more than ‘ hi lovey, good blog today’. It took a little while to show her that if she hit reply, it went to the webmaster and that she could either forward or….
Grateful to have had time to say goodbye Continue Reading »
Elder Care
This is a three-part blog series that seeks to explore the manner in which one can conduct estate planning with respect to their copy of the popular 2020 Nintendo Switch video game Animal Crossing: New Horizons. Part I discussed the importance of this topic and described the applicability of a non-charitable purpose trust to this type of estate planning. Part II examines the practical considerations for operating a non-charitable purpose….
Unhappily, it is not uncommon for family members to be at loggerheads as to who controls the body of a loved one and whether the body should be cremated or buried. I previously blogged on the 2018 case Miller v. Miller, a decision by Justice Myers of the ONSC, which dealt with this issue. In summary, the estate trustee has the authority to make funeral and burial arrangements. Nevertheless, fights….
Unclaimed Bodies and Setting Things Right Continue Reading »
Estate Administration, Estate Administration and Probate Applications, Estate Litigation, Estate Planning, Executors, Family Conflict, Funeral PlanningIn this space, sometime ago, a fellow blogger wrote about how survivor payments made out of a deceased’s tax free savings account (TFSA) to the deceased’s spouse TFSA would qualify as an “exempt contribution” (i.e. the contribution room in the surviving spouse’s TFSA would not be affected by the addition of these funds), even if the spouse was not designated beneficiary of the TFSA. What are the implications to the….
TFSA’s and Survivor Payments: Impact of Fair Market Value. Continue Reading »
Canada Revenue Agency, Estate Administration, Investments, Property, Tax Issues, Uncategorized, WillsI won’t be posting a blog today as I am dealing with my own personal elder care emergency. Thanks for your understanding. Audrey
ICU is a lonely place to be. Continue Reading »
Uncategorized
This post was contributed to by Corina Weigl, Maureen Berry, Kathryn Walker, and Tamar Silverbrook, of Fasken. If you have a family member who is in a lower tax bracket than yourself, an upcoming change in the Canada Revenue Agency’s (“CRA”) prescribed interest rate will create a financial opportunity. Effective July 1st, 2020, the prescribed interest rate will drop to 1% , increasing the tax advantages available through the utilization….
