Cowboy Will Writers in the U.K.: Save Now and Pay Later?

Cowboy will writers spark regulation of the will writing market in the U.K. Often the attempt by the testator to save money by not seeking professional estate planning advice, results in expensive estate litigation later on.
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Estate Administration and Probate Applications, Estate Litigation, Estate Planning, In the News, Wills

A Nice Gift to Give to your Spouse… a Loan

The Canada Revenue Agency has announced the 2010 third quarter prescribed interest rate used to calculate taxable benefits for employees and shareholders for interest-free and low interest loans would be 1%. With this the lowest historical prescribed rate ever, it is an opportune time for taxpayers to reduce the tax bite through an income-splitting structure using loans…..

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Canada Revenue Agency, Estate Planning, Interest, Investments, Loans
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