Estate Planning

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Philanthropy is personal; fundraising is social

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There are two types of charitable giving: personal and social. Gifts that are part of the estate plan are typically a form of personal giving. By contrast, most traditional charity fundraising uses a social giving model. Both are equally important, but it is helpful to make the conceptual distinction when helping clients to include philanthropy in their estate plans…..

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Estate Planning, Philanthropy/Charitable Giving

There is an incentive to read this blog post,

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The primary objective behind the use of either Intervivos Trusts or Testamentary Trusts in an Estate plan is to manage the transfer of wealth. Many people opt to transfer wealth using a trust because of the tax savings available from splitting income or because of the creditor-proof nature of a Trust. But there can be other more intriguing reasons to choose a trust. For example, I have recently seen an….

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Estate Planning

Joint Tenancy Tax Issues

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Last week my colleague, Laura West, spoke about some of the non-tax pitfalls that can arise when transferring property into joint tenancy with a family member. This week I’m here to follow-up with a discussion of the tax implications that should be considered before changing ownership of property to joint tenancy…..

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Canada Revenue Agency, Estate Planning, Joint Tenancy, Probate Tax
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