Estate Planning – Page 74 – All About Estates

The Jeffrey Epstein “Plot” Thickens…Last Will and Testament Signed 2 Days Prior to Death!

Brittany Sud • August 23, 2019 • 0 Comments

Jeffrey Epstein (“Epstein”) signed a will just 2 days before he was found dead in his jail cell, raising new queries about his final days inside the Manhattan Correctional Centre, where he was awaiting trial on federal sex trafficking and conspiracy charges. This new development adds to what is likely going to be a long battle over the estate of the financier and convicted pedophile. While the criminal charges against….

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Estate Administration, Estate Planning, In the News, Wills

Embryo Freezing Costs: Medical Expense Tax Credit Extended to Same Sex Couples.

Steven Frye • August 6, 2019 • 0 Comments

The Income Tax Act (“ITA”) generally permits as an eligible medical expense of an individual, an amount paid to a medical practitioner, dentist, or nurse or a public or licensed private hospital for medical or dental services provided to a patient. Medical services are diagnostic, therapeutic or rehabilitative services that are performed by a medical practitioner acting within the scope of his or her professional training. Generally, a payment to….

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Canada Revenue Agency, Estate Planning, Healthcare, In the News, Spouse, Tax Issues, Uncategorized

The Space Between First and Second Families

Justin de Vries • July 31, 2019 • 1 Comment

Neil Armstrong’s first and second family have competing visions for his legacy and administration of his estate. ….

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Charitable Giving, Estate Administration, Estate Planning, Family Conflict, In the News, Philanthropy/Charitable Giving, Succession Planning, United States

I’m Only 20, Why do I need a Will

Corina Weigl • July 26, 2019 • 0 Comments

Today’s blog is being brought to you by guest blogger, Jennifer Campbell, a law clerk in the Private Client Services group of Fasken LLP. Disney child star Cameron Boyce, who is best known for his role in movies such as “Grown Ups” and “Grown Ups 2” as well as his role in the Disney Channel movie, “Descendants” and the television show, “Jessie”, died suddenly and tragically on July 6, 2019…..

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Estate Planning, Family Conflict, Wills

Donor Recognition: Servants, Saints and Super Heroes

Malcolm Burrows • July 25, 2019 • 3 Comments

In 15th and 16th century Europe donor recognition was negotiable. The biggest donors gave to the church, but the best way to be recognized in a durable way was to underwrite religious art. Albrecht Dürer’s circa 1500 triptych, the Paumgartner Altarpiece, is one of the most arresting examples of the complex dynamic that did, and still does, shape the process of showing gratitude to donors. Donors as Servants The main….

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Charitable Giving, Estate Planning, Philanthropy/Charitable Giving

Inherited assets and TOSI

Derek de Gannes • July 23, 2019 • 0 Comments

While it has been over 18 months since its implementation, we are still learning more about the application of the tax on split income (TOSI) rules. The Canada Revenue Agency (CRA) provided guidance where shares of a private company are passed on to the children of the deceased. The CRA was asked to comment on how the TOSI rules would apply when the deceased, Mrs. A, the co-owner of a….

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Canada Revenue Agency, Estate Planning, Tax Issues