Joint accounts – continued

Several years ago, I wrote about probate planning involving the use of joint accounts. At the time, my father-in-law had just passed away and my mother-in-law, who survived him, was intent on paying the least amount of Estate Administration Tax (EAT). Jointly held property with a spouse or with one or more children, with a right of survivorship may not form part of the deceased’s estate and may be effective….

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Estate Administration and Probate Applications, Estate Planning, Executors, Family Conflict, Investments, Joint Tenancy, Probate Tax, Trustee, Trusts, Uncategorized, Wills

Living For Today

Living for Today. I previously blogged about ‘buying the shoes’ which highlighted that life is short and we need to live each day to the fullest. COVID made that difficult; being restricted to your own home and restricted as to who you could see and what could you do.  This past weekend in Toronto, as things are slowly opening up, it was a great pleasure to see people out and….

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Elder Care

Estate Planning and Adoption

As the date for writing this blog was approaching, I struggled to find an interesting topic to write about. I like to write about what I know or practical tips so I had to go back to the drawing board when I was drawing a blank. Today’s blog is a bit of a personal blog for me. You see, my husband and I are hoping to start our family through….

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Estate Planning, Spouse, Wills

Multiple Wills – More than just business owners

This blog was written by Justin Ecclestone, Estate and Trust Consultant with Scotia Wealth Management The Multiple Wills strategy in Ontario often comes to mind when providing estate planning advice to successful business owners with private company shares. When speaking with business owners the benefit of the strategy is quite clear – save probate fees. It is important not to overlook this strategy for those without a business as it….

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Uncategorized

Some Ins and Outs of RRSPs & RRIFs Transfers on Death

Generally the RRSP or RRIF of a deceased can be transferred by specific bequest under the terms of the deceased’s will to a qualifying survivor tax-free. A qualifying survivor would be the deceased annuitant spouse or common-law partner or a financially dependent child or grandchild. When payments from a deceased annuitant’s RRSP are paid to the annuitant’s estate and a qualifying survivor is a beneficiary of  the estate, the deceased….

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Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Investments, Property, RRSP, Tax Issues, Uncategorized, Wills

June is Senior’s Month

A few weeks ago I provided a summary  of the Federal Budget and what is offers to seniors.  Well, I received over 30 comments and the blog readers all said the same thing- Mr. Trudeau has ignored those of us between the ages of 65-75. I don’t have any additional information as to rationale or logic and if anyone does, please share. There may be discounts for those aged 55 plus….

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Elder Care
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