The Royal Wedding & Philanthropy
The Royal Wedding & Philanthropy Continue Reading »
Charitable Giving, Estate Planning, Family Conflict, Philanthropy/Charitable GivingEstate Planning
Total 1082 Posts
TAX REPORTING OBLIGATIONS FOR TRUSTEE AND EXECUTOR FEES – FOLLOW UP
Awhile ago , I wrote that payments made to trustees and executors usually trigger some form of tax reporting and often, an obligation on the payer to withhold and remit amounts on account of tax. Thanks to some welcome and practical feedback from a concerned blogger, I would like to add a few comments.
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TAX REPORTING OBLIGATIONS FOR TRUSTEE AND EXECUTOR FEES – FOLLOW UP Continue Reading »
Canada Revenue Agency, Estate Administration, Estate Planning, Executors, Liability, Trustee, TrustsUpdate on U.S. Estate Tax Challenge
In a blog that I wrote last December, I commented on a U.S. constitutional challenge that had been launched in response to the U.S. estate tax burden borne by the survivor of a same-sex marriage…..
Update on U.S. Estate Tax Challenge Continue Reading »
Estate Litigation, Estate PlanningThe Financial Cost of Caregiving
As the issue of caregiving is now getting election coverage, the costs of caregiving need to be better understood. These include tangible costs such as financial expenses, loss of income, as well as other costs, such as emotional challenges and loss of opportunity identified by family members pressed into service to care for an elderly family member.
For those families who decide to purchase care, this article will review the financial cost of hiring a caregiver. ….
The Financial Cost of Caregiving Continue Reading »
Elder Care, Estate Planning, Geriatric Care Management, In the NewsSpousal Trusts work for the short or long term
When Gertrude Janeway died in 2003, she was still getting a monthly cheque for $70 from the Veterans Administration for a military pension earned by her late husband, John, on the union side of the American civil war that ended in 1865…..
Spousal Trusts work for the short or long term Continue Reading »
Canada Revenue Agency, Estate Planning, Spouse, Trustee, TrustsCharitable donations made through a will
In many cases, a deceased person will include charitable bequests in their will. The executor(s) of the estate may not, however, be in a position to honour the bequest in a timely fashion due to the lack of available estate funds on hand. In not all cases will this action (or inaction) frustrate the completion of the final personal tax return…..
Charitable donations made through a will Continue Reading »
Canada Revenue Agency, Charitable Giving, Estate Planning, Trustee, Wills