Fasken

Total 121 Posts

 Website

As a premier law firm with over 950 lawyers worldwide, Fasken is where excellence meets expertise. We are dedicated to shaping the future our clients want, precisely when it matters most. For more information, visit fasken.com.

Tax Implications for Exempt Life Insurance Policies

• • 0 Comments

Today’s blog post was written by Pritika Deepak, an Associate at Fasken LLP. This is Part II of a three-part blog series which provides a high-level overview of some of the tax implications to consider, with respect to certain assets held at death. Part I, which addresses RRSPs can be found here: https://allaboutestates.ca/what-happens-when-a-taxpayer-dies-with-a-registered-retirement-savings-plan/ Part II of the blog focuses on life insurance policies owned at the time of death. Specifically,….

Tax Implications for Exempt Life Insurance Policies Continue Reading »

Estate Administration, Insurance, Tax Issues

Does a Grantor have the Capacity to plan their Incapacity?

• • 0 Comments

This blog has been written by Mohena Singh, Associate at Fasken LLP As estate planners, one of the most important aspects of our job is to discuss incapacity planning with our clients. Mental incapacity has become a social, health and legal challenge that affects a surprising number of Canada’s senior citizens. According to Statistics Canada, by 2068 it is projected that over 20% of Canadians will be over the age….

Does a Grantor have the Capacity to plan their Incapacity? Continue Reading »

Capacity Law, Caregiving, Estate Planning, Uncategorized

Considerations when Administering a Canadian Estate with US Situs Assets

• • 0 Comments

Today’s blog is written by Jessica J. Butler, Law Clerk at Fasken LLP. As today’s world continues to grow increasingly interconnected, more estate professionals find themselves dealing with a web of cross-border assets and jurisdictional issues.  This post considers certain issues that you might face when administering a Canadian estate with assets situated in the United States. Legal Authority You must first determine whether you will need legal authority to….

Considerations when Administering a Canadian Estate with US Situs Assets Continue Reading »

Canadian and US Tax Treaty, Estate Administration, International, IRS, Probate Tax, Tax Issues, United States, US Taxes, Wills

Intestacy 101

• • 0 Comments

Today’s blog was written by Courtney Lanthier, Law Clerk at Fasken LLP. People in our profession often cringe when they hear the words “they died without a Will”, because as soon as we do, we can almost always envision problems arising. Unfortunately, it has become more and more common to hear that someone doesn’t have a Will.  A Will provides clear instructions as to how to handle assets on someone’s….

Intestacy 101 Continue Reading »

Estate Administration

Atypical Asset Administration (Part 1)

• • 1 Comment

This blog has been written by Sandra Arsenault, Law Clerk at Fasken LLP Picture this: you are an executor cleaning out your mother’s apartment. Under the bed you unexpectedly find five (5) handguns and a hand grenade. Do you (a) call the police, (b) secure the items somewhere safe until you can find someone who knows what to do with them, or (c) put them in a plastic shopping bag….

Atypical Asset Administration (Part 1) Continue Reading »

Estate Administration, Estate Planning, Executors, Wills

Revisiting the importance of language when using multiple wills

• • 1 Comment

This blog contributed by Mohena Singh, Associate @ Fasken LLP A long-time practice of estate planners has been preparing multiple wills for clients to minimize the amount of estate administration tax an estate must pay. The general idea of a primary and secondary will is to exclude property that does not require probate from the primary will so that the total value of assets requiring probate is reduced. However, if….

Revisiting the importance of language when using multiple wills Continue Reading »

Credibility, Estate Planning, Executors, Property, Real Estate, Succession Planning, Uncategorized, Wills
Scroll to Top