Total 1065 Posts
The Canada Revenue Agency recently issued a release to highlight its policies related to missing and uncashed cheques. The release included some reminders and some surprsing information…..
Canada Revenue Agency cheques – who knew? Continue Reading »
Canada Revenue Agency, Estate PlanningIn a number of previous Blogs, there have been references to famous families feuding over estates. This Blog is about a similar story except that the subject, Sumner Redstone, is still alive at 92 years of age. For those who don’t know, Sumner Redstone is a media mogul. He currently owns the majority interest in Viacom and CBS Corporation (through National Amusements Inc.), estimated to be worth around $5 billion…..
Sumner and National Amusements Continue Reading »
Capacity Law, Estate Planning, Family Conflict, Powers Of Attorney and Guardianship Disputes, Succession Planning, Testamentary Capacity, Undue influenceImpasses between co-trustees, which are not uncommon, have serious results. They can lead to a standstill in the administration of a trust or estate, to the detriment of the beneficiaries. In those circumstances, the court may decide the issue and direct the trustees on how to move forward. Such was the case in Squillace v Sampogna…..
Application For Directions – Breaking The Impasse Continue Reading »
Estate PlanningThe Canada Revenue Agency (CRA) was asked if there was any change to their view regarding the application of the central management and control (CMC) test in establishing the residency of a trust for provincial income tax purposes in light of the decisions in Discovery Trust v. Canada and Boettger C. Agence du revenu du Québec.
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Provincial residency of a Trust Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Litigation, Estate Planning, Executors, Tax Issues, TrustsFamily charitable foundations are often equally about the family working together as they are about charity. While the purpose of a foundation must be exclusively charitable, the founders’ hope is that future generations of family will have a place to work together and act on their values. But how, particularly in an estate plan, do founders keep a family foundation on course? One strategy is an independent director….
Strangers in Family Foundations Continue Reading »
Charitable Giving, Estate Planning, Philanthropy/Charitable GivingOne cannot be engaged in an estate planning practice without being asked “why do I need a Will”. For those living family members of the recently departed entertainer, Prince, the answer will, unfortunately become all too clear. According to numerous news reports, the iconic entertainer died without a Will. As a result, the surviving family, comprised of siblings and half-siblings, can expect the legal issues to carry-on for quite some time before their brother can truly rest-in-peace…..
I’LL GET TO MY WILL ON ANOTHER DAY… Continue Reading »
Estate Planning, Wills