Estate Planning

Total 1065 Posts

Using a trust? Watch out for attribution!

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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….

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Estate Planning, Tax Issues

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

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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….

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

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

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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….

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

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

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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….

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Estate Planning

All In The Family (Home)

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This Blog has been written by Darren Lund, Partner at Fasken LLP As we turn the page on 2023 and look ahead to 2024, the cost and availability of housing continues to be a pressing issue for many Canadians. While there have been some recent headlines that suggest the housing market is slowing, even in traditionally hot markets, the future remains uncertain. How does the state of the housing market….

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Estate Administration, Estate Planning, Property

I want to disinherit my family

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As the holiday season draws to a close, and the cheese supply in my fridge appears to be finally exhausted, I find myself wondering who among us (or among our clients) – has had that sort of holiday season that has them ready to update their will and undo the gift to their sister that, after the fight over whether or not to add mustard to the vinaigrette, seems unwarranted….

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Estate Planning, Wills
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