“Fat Cats & Lucky Dogs”
“If there are no dogs in Heaven, then when I die I want to go where they went”. Will Rogers (1879-1935), American Humorist….
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Estate Planning, WillsAn unexpected gift: a Honus Wagner Baseball Card
A Baltimore based religious order, the School Sisters of Notre Dame (“Sisters”) received an early Christmas gift last week. The Sisters auctioned off a rare T206 Honus Wagner card earlier this year for $220,000. ….
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In the News, WillsPayment of Tax
In many cases, the deemed disposition rules cause significant tax liabilities in the year of death. In this case, some relief is available in the sense that income taxes owing for the year of death may be paid in annual instalments (not exceeding ten) with non deductible interest charged at the prescribed rate from the day taxes should have been paid. ….
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Canada Revenue Agency, Estate Administration, Estate PlanningReviewing and Reconsidering your Estate Plan – When and Why?
As this is the last blog before we take a break for the holiday (we return on Monday), and as the year is drawing to a close, I thought that I would touch base on the life circumstances that should lead to a review and reconsideration of your current estate plan…..
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Estate Planning, WillsAging Parent and Holiday Season (in)Sanity
t is getting to be that time again and holidays are around the corner. Do your parents live in another city than you? For many the holiday period is a time when families are spending extended periods of togetherness, which can be both wonderful and challenging. If this is the case, this provides a wonderful opportunity to see how they are managing…..
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Estate PlanningRDSPs as Estate Planning Tools: Worthwhile?
Testamentary contributions to a disabled person’s RDSP can be a helpful estate planning tool, but should be considered together with other tools and in light of all of the circumstances…..
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Canada Revenue Agency, Estate Planning