Learning from the rich
There are lessons for everyone in the way the rich focus on long-term financial planning and wealth transfer…..
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Estate Planning, LoansWerbenuk v. Werbenuk: Righting a Will’s (and a testator’s) Wrongs
A testator excludes his 4 adult daughters from his estate, leaving everything to his son. A B.C. court effectively redistributes the estate equally between the testator’s children. Can this happen in Ontario too?….
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Contested wills, Estate Litigation, Estate Planning, Family Conflict, Succession Planning, WillsRRSP contributions in the year of death
Much has been written by the contributors to this blog about the various taxes arising in the year of death. As a tax adviser I will look for a way to either reduce the final tax or, at a minimum, defer some of the final tax to a later time. One such way of deferring the tax arising on death is for the executor to make one final registered retirement savings plan (RRSP) contribution for the year in which a person has died.
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Estate PlanningU.S. Estate Tax Burden Results in Challenge of US Federal Marriage Law
Further to my colleague Corina Weigl’s discussion of U.S. estate taxes, I thought readers might be interested in a U.S. constitutional litigation that has been launched in response to the U.S. estate tax burden borne by the survivor of a same-sex marriage…..
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Estate Planning, US TaxesWatch Out For Scammers: Protect Your Parent’s Money And Assets.
The RCMP say that seniors are particularly susceptible to telephone fraud because their generation tends to be more trusting and less likely to hang up the telephone on someone who appears to be very friendly. How many magazine subscriptions do you have?….
Watch Out For Scammers: Protect Your Parent’s Money And Assets. Continue Reading »
Estate Planning