The High Net Wealth Segment
There are some trends emerging in the High Net Wealth Individual segment to watch for in the context of Estate planning advice. ….
The High Net Wealth Segment Continue Reading »
Estate Planning, Succession PlanningSuccession Planning
Total 154 Posts
Ontario Court of Appeal Considers When is a Gift Not a Gift
In McNamee v. McNamee, the Court of Appeal reviewed the essential ingredients of a legally valid gift. The issue on appeal was whether 500 common shares in the family business, which had been transferred to Mr. McNamee Jr. constituted a gift for the purposes of s. 4(2) of the Family Law Act.
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Ontario Court of Appeal Considers When is a Gift Not a Gift Continue Reading »
Estate Litigation, Succession Planning, WillsGrandfathered insurance policies
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 IssuesPrivate company shares and life insurance
It is not unusual to see a corporate beneficiary of a life insurance policy collect the insurance on the death of the insured shareholder. Depending on the circumstances, there are creative ways to use the insurance to benefit such persons as the deceased’s estate or other shareholders of the company.
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Private company shares and life insurance Continue Reading »
Business Succession Planning, Estate Administration, Estate Planning, Executors, Insurance, Liability, Small Business, Succession Planning, Tax Issues