Total 44 Posts
As world attention appears to be increasingly focused on the economic news coming from the United States, and the various political debates in that country regarding deficit reduction and tax policy, I thought it would be interesting and timely to draw readers attention to a recent Reuters article that profiles a leader of the U.S. political movement to repeal estate taxes…..
U.S. Estate Tax Debate Continues Continue Reading »
United States, US TaxesThere is no global test for capacity. Capacity is a task specific concept. The threshold capacity for making a Will is not necessarily the same as may be required for managing a simple bank account or for providing investment instructions in respect of a multi-million dollar portfolio. What should we be looking for when dealing with older clients wishing to prepare a Will?….
Coffee, Bicycle, Purse Continue Reading »
Capacity Law, Estate Planning, U.S. Citizen, United States, US TaxesIf you have a “single-purpose” corporation for U.S. estate tax planning, this may be a good time to explore an alternative way of holding U.S. real estate…..
ALTERNATIVES TO ‘SINGLE-PURPOSE’ CORPORATION FOR U.S. ESTATE TAX PLANNING Continue Reading »
Canada Revenue Agency, Canadian and US Tax Treaty, Estate Planning, Investments, IRS, Property, Succession Planning, Trusts, United States, US TaxesSo you’ve taken on the role of executor of your dear friend, Sally’s estate. It just so happened that Sally owned a vacation property in the United States. You’ve come across a couple of blogs in the last few weeks that suggest her estate may owe some taxes to the IRS. You have no idea whether this is true and what you may need to do. You decide to keep reading these blogs to see if they’ll help you…..
Is a U.S. Estate Tax Return Due? Continue Reading »
Estate Administration, IRS, United States, US TaxesAs the thermometer continues to hover around the zero degree mark, many of us who live north of the 49th parallel begin to think about heading south to take up residence in one of the many sunnier climes the United States has to offer…..
So You Want to Buy a U.S. Vacation Property… Continue Reading »
Canadian and US Tax Treaty, Estate Planning, Investments, IRS, Probate Tax, US TaxesIn my Blog of October 26, 2010, I described how the U.S. estate tax regime was in a state of flux. Without action by Congress before the end of 2010, U.S. estate taxes are set to revert back to the rates and exempt amount in effect in 2001…..
Uncle Sam Sends a Small Gift for the Upcoming Holiday Season… Continue Reading »
Canadian and US Tax Treaty, Estate Planning, United States, US Taxes