Wow it is hot out there! With temperatures in the 30’s, 40’s and in some places, the 60’s, it can be difficult to enjoy ourselves away from the air conditioning. And as we are well aware, not everyone has access to A/C. Summer has hit us hard and although all winter long we look forward to warmer weather, the heat can actually cause harm- especially to the elderly. Those of….
Staying Cool is Hard to Do….. Continue Reading »
CaregivingWith summer concerts, tours, and music festivals in full swing, I thought I would share estate planning considerations unique to music artists (the performing artists and songwriters, unless specified otherwise, the “artist”). I will use Taylor Swift as an example because the Taylor Swift/Scooter Braun controversy is helpful to my discussion. The Controversy; Nuances Connected to Estate Planning for Music Artists Copyrights are an asset class that should be discussed….
Estate Planning for The Likes of Taylor Swift: Considerations for Music Artists Continue Reading »
Contracts, Estate Planning, Wills
Many of us know that a court can make an order for the adequate and proper support of a deceased’s dependants where the deceased has not done so. Part V of the Succession Law Reform Act, RRO 1190, c. S. 26 (“SLRA”) identifies the persons who could be considered a dependant of the deceased. Included in the list is a child of the deceased, and the expanded definition of child….
The Deceased’s Knowledge of Parentage is a Factor in Dependant’s Relief Claims Continue Reading »
Appeals, Dependant Support
Mobility and being able to move independently is a crucial lifestyle planning factor people often overlook. As families are out enjoying the summer weather and travelling again, we wish more people understood that being able-bodied[1] and independently mobile is a temporary state. Life happens – a car accident or healthcare crisis can instantly change your ability to move and function independently. In estate and lifestyle planning, the focus is often….
Mobility is a Key Lifestyle Planning Factor Continue Reading »
Disability, Elder Management, Smart AgeingThis blog has been written by Rahul Sharma, Partner, Fasken Martineau DuMoulin LLP, Toronto My blog posts so far this year have focused on the significant volume of new residents to Canada and the associated tax and legal considerations, particularly where new residents are entering the Canadian tax system with assets and investments in their countries of origin or other global jurisdictions. In this blog post, I flip the discussion….
I get regular inquiries about donating funds from registered retirement income funds or RRIFs. The value of RRIFs has grown through careful saving and market gains, and these funds may represent surplus wealth. Some RRIF holders resent the requirement to take steadily increasing annual withdrawals from their RRIF. Add a dash of altruism and the idea of donating RRIF property arises. The Basics There are a couple of factors to….
Gifts from RRIFs Continue Reading »
Philanthropy/Charitable Giving