35% of Canadian marriages end in divorce before the 25th wedding anniversary. 43% of those divorced individuals re-marry and this leads to estate planning complexity….
Finance and Marriage Continue Reading »
Estate Planning, Family Conflict, Spouse, WillsHuguette Clark died on May 24, 2011 in New York city at the age of 104. A hospital served as her residence for the last 20 years. Her estate is estimated to be about $500 million.
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Huguette Clark: prepared to be an heiress ? Continue Reading »
Estate Planning, Family Conflict, In the News, Succession Planning, United StatesIn my last Blog I wrote about how a surviving spouse received $70 per month for decades. In such a situation a Trustee is needed who will be around for a long time. The following example is at the other end of the spectrum. This example is about Patricia Kluge. For those of you who are not familiar with Patricia, she was at one time married to a billionare television….
spousal settlements Continue Reading »
Estate Planning, Investments, Spouse, Succession Planning, Trustee, TrustsWhen Gertrude Janeway died in 2003, she was still getting a monthly cheque for $70 from the Veterans Administration for a military pension earned by her late husband, John, on the union side of the American civil war that ended in 1865…..
Spousal Trusts work for the short or long term Continue Reading »
Canada Revenue Agency, Estate Planning, Spouse, Trustee, TrustsPaul Penna, millionare and founder of Agnico-Eagle Gold Mines Ltd., had a good Estate plan but he made one critical mistake…..
Friendship is like money, easier made than kept Continue Reading »
Estate Litigation, Estate Planning, Executors, In the News, Passing Of Trustees’ and Executors’ Accounts, Trustee, Trusts, Wills