Beyond Alzheimer’s Awareness – What You Really Need to Know

• • 0 Comments
Cartoon of a big white brain behind an older adult walking with a cane to represent dementia.

January is Alzheimer’s Awareness Month in Canada. Just how aware are we in Canada? And what do we really need to know to plan for a growing dementia population effectively? The Cambridge Dictionary defines awareness as “the knowledge that something exists or understanding of a situation or subject at the present time, based on information and experience.”  While estate planning professionals often acknowledge the upward trend of Alzheimer’s cases and….

Beyond Alzheimer’s Awareness – What You Really Need to Know Continue Reading »

Elder Care, Elder Management

Using a trust? Watch out for attribution!

• • 0 Comments

Part II – Trust Attribution This blog has been written by Pritika Deepak /Associate at Fasken LLP This is Part II of a three-part blog series which provides an overview of the ‘attribution rules’ contained in the Income Tax Act (Canada)[1] (the “Act”). Part I, which summarizes the scope and application of the personal attribution rules, can be found here: https://allaboutestates.ca/no-good-deed-goes-unpunished-by-the-cra/ Part II of the blog addresses the application of the attribution….

Using a trust? Watch out for attribution! Continue Reading »

Estate Planning, Tax Issues

U.S. Gift Tax – It May Apply To Canadians

• • 2 Comments

The U.S. gift tax is often overlooked by Canadians and their advisors. Most U.S. citizens living in Canada are aware of the U.S. estate tax and gift tax application. However, when it comes to Canadian residents who are not U.S. persons, only a minority are aware of the potential application of the U.S. gift tax. The author admits, the U.S. gift tax rarely applies to Canadian residents and this blog….

U.S. Gift Tax – It May Apply To Canadians Continue Reading »

Estate Planning, IRS, Tax Issues, United States, US Taxes

Capacity Evaluation – the Role of Corroborative Information at CCB Hearings

• • 0 Comments

In my last blog, I described the Court’s expectation for confirming a finding of incapacity: namely, that compelling evidence is required to override the presumption of capacity. Such evidence may include corroborative information. However, the Court has warned assessors to be alive to the presence of improper motives of informants who seek to have another found to be without mental capacity.[i] The Consent and Capacity Board (the “Board”) in Ontario….

Capacity Evaluation – the Role of Corroborative Information at CCB Hearings Continue Reading »

Appeals, Capacity Law, Credibility, Family Conflict, Guardianship, Healthcare

New Year, New Will – and Other Important Moments to Revisit Planning

• • 1 Comment

Happy 2024  everyone! The start of a new year is often the impetus for individuals to revisit their estate plan.[1]  While this is a worthwhile exercise, it’s important to remember that there are several other key moments that may occur at any point during a given year that should give rise to a review of an estate plan. These events or change in circumstance may not necessarily warrant a new….

New Year, New Will – and Other Important Moments to Revisit Planning Continue Reading »

Estate Planning, Executors, Guardianship, Spouse, Trustee, Wills

It’s About Time: When to Review Your Will and Estate Plan

• • 1 Comment

It’s About Time: When to Review Your Will and Estate Plan Living our daily lives, we are not constantly thinking about our wills and our estate plans. There are usually certain events which bring these subjects top of mind. There are certain events or times in our lives that should make you look at your estate plan once more to make sure that it is still reflective of your wishes….

It’s About Time: When to Review Your Will and Estate Plan Continue Reading »

Estate Planning
Scroll to Top