Estate Planning – Page 79 – All About Estates

Broken Resolutions, New Opportunities

Peter Meitanis • January 24, 2019 • 0 Comments

Let’s be honest, you’ve already broken your New Year’s Resolution. But even though it’s January 24th, we haven’t missed the boat. January is a time for new opportunities, so why not target Chinese New Year on February 5th? Look at us! Embracing other cultures and being our best selves! Here are some ideas for your Lunar Calendar Resolutions….. More R-E-S-P-E-C-T for Estate and Trust Professionals When Aretha Franklin famously sang….

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Spousal Rollover and Substituted Property

Derek de Gannes • January 22, 2019 • 0 Comments

Suppose the will of a deceased taxpayer provides that certain assets are to be transferred to a spousal or common law partner trust. Before doing so, and while property of the estate is being administered, certain property might change or be substituted by the Estate. For example, shares might be converted from one class to another. If so, is the spousal rollover still available? When a taxpayer dies and certain….

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Canada Revenue Agency, Estate Planning, Executors, Tax Issues

A Joint Tenancy Gone Awry

Corina Weigl • January 18, 2019 • 0 Comments

Many of my fellow bloggers have blogged about joint tenancies, whether the focus of those blogs was on a case where the facts involved a joint tenancy or was to simply advise of the issues and risks related thereto. (See Brittany Sud’s blog on January 19, 2018, Steven Frye’s blog on June 6, 2017, and my blogs of July 29, 2016 and November 11, 2010). This blog is going to….

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Estate Litigation, Estate Planning, Family Conflict, Property

How to create a legacy

Malcolm Burrows • January 17, 2019 • 2 Comments

Lyndsay Green’s new book on legacy, The Well-Lived Life, sets itself an ambitious goal. Its subtitle is “Live with Purpose and be Remembered”. Mixing stories, philosophy and practical tips on estate planning and philanthropy this readable book makes a bold promise. Creating a legacy is hardly a new goal, and each era of history is defined by a ruling philosophy or religion. Green’s guiding philosophy is secular and individualist. She is….

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Estate Planning, Philanthropy/Charitable Giving

Another Resolution for the New Year – Take Advantage of the Low Prescribed Rate

Steven Frye • January 15, 2019 • 0 Comments

We have talked about income splitting arrangements available to individuals who wish to loan funds to his/her lower income spouse or adult child, or in the case of minor children, a discretionary family trust. Such loans would be used to invest in income producing properties such marketable securities, mutual funds, real estate income trusts (to name a few). The income from these properties less the interest paid on the loans….

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Canada Revenue Agency, Estate Planning, Interest, Loans, Property, Real Estate, Tax Issues, Trusts

New Year, New Estate Plan

Emily Hubling • December 28, 2018 • 0 Comments

It’s that time of year again – the holidays are coming to a close. As the festivities wind up, the new year brings a promise of renewal and a fresh start. Many people take the opportunity at this time of year to take stock of their lives, and their goals for the upcoming year. Often, these goals are financially-based, whether it’s saving more money, paying down debt, or just “getting….

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Estate Planning