Spouse | All About Estates

Interrelation of Family Law and Estate Planning

Jasmine Sweatman • September 9, 2011

With many couples, one or both spouses have had previous marriages or common law relationships. For many reasons, these couples’ estate planning instructions are not usually the traditional “all to my spouse with a gift over to my issue”, and clients should understand how their estat planning decisions may be impacted by family law…..

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Capacity Law, Estate Planning, Family Conflict, Power of Attorney, Property, Spouse, Wills

Finance and Marriage

Paul Fensom • August 30, 2011

35% of Canadian marriages end in divorce before the 25th wedding anniversary. 43% of those divorced individuals re-marry and this leads to estate planning complexity….

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Estate Planning, Family Conflict, Spouse, Wills

Grandfathered insurance policies

Derek de Gannes • August 18, 2011

When the stop-loss rules were enacted, they contained grandfathering provisions that provided relief on dispositions of shares pursuant to “grandfathered agreements” or related to “grandfathered insurance policies.”

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Business Succession Planning, Canada Revenue Agency, Estate Planning, Executors, Insurance, Liability, Small Business, Spouse, Succession Planning, Tax Issues

spousal settlements

Paul Fensom • May 17, 2011

In my last Blog I wrote about how a surviving spouse received $70 per month for decades. In such a situation a Trustee is needed who will be around for a long time. The following example is at the other end of the spectrum. This example is about Patricia Kluge. For those of you who are not familiar with Patricia, she was at one time married to a billionare television….

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Estate Planning, Investments, Spouse, Succession Planning, Trustee, Trusts

Home Buyer’s and Lifelong Learning Plans

Derek de Gannes • May 13, 2011

Many have taken advantage of the ability to withdraw funds from a retirement savings plan under either the Home Buyer’s Plan (HBP) or Lifelong Learning Plans. Without careful planning, unpaid obligations under either of these plans may have tax implications on death…..

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Estate Administration, Estate Planning, Executors, Spouse

Spousal Trusts work for the short or long term

Paul Fensom • April 20, 2011

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…..

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Canada Revenue Agency, Estate Planning, Spouse, Trustee, Trusts