Total 78 Posts
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….
Finance and Marriage Continue Reading »
Estate Planning, Family Conflict, Spouse, WillsWhen 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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Grandfathered insurance policies Continue Reading »
Business Succession Planning, Canada Revenue Agency, Estate Planning, Executors, Insurance, Liability, Small Business, Spouse, Succession Planning, Tax IssuesIn 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….
spousal settlements Continue Reading »
Estate Planning, Investments, Spouse, Succession Planning, Trustee, TrustsMany 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…..
Home Buyer’s and Lifelong Learning Plans Continue Reading »
Estate Administration, Estate Planning, Executors, SpouseWhen 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…..
Spousal Trusts work for the short or long term Continue Reading »
Canada Revenue Agency, Estate Planning, Spouse, Trustee, TrustsWhen making testamentary or inter vivos gifts, parents sometimes want to ensure that provision is made for the spouses of their children, whether it is by including such individuals as potential beneficiaries of trusts or as recipients of outright gifts. ….
Specificity Matters: Defining “Spouses” for Estate Planning Purposes Continue Reading »
Estate Administration, Estate Planning, Spouse, Wills