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Akua Carmichael
Tax & Estate Planning

Akua Carmichael

Akua Carmichael is a member of the estate planning and administration group at Dale Lessmanm LLP in Toronto. She practises estate planning, administration and litigation. acarmichael@dalelessmann.com

A recent court case illustrates the risks that come with longer lives

  • February 7, 2020 February 6, 2020
  • 09:30

Estate planning centres on one main goal: preserving estate assets. While advisors offer planning advice and employ various strategies to reduce the tax liability of the deceased’s estate, even the best efforts can be fruitless if the estate faces claims that wind up in court.

  • May 29, 2013 August 21, 2018
  • 05:59

Testamentary trusts can be a useful tool in creating an estate plan, and ensuring that spouses who remarry, children from previous marriages and disabled children are all looked after. They are established through a will and become effective upon death. A trust requires three people: The settlor is the creator of the trust, who transfers […]

  • May 14, 2010 June 16, 2018
  • 00:00

The Ontario Superior Court case, Hicks v. Hicks, 2003 CanLii 2132 (ON S.C.), presents some interesting issues regarding trustee liability in situations where a trust incurs a loss. Anne Marie Hicks is the widow of Charles Hicks. Charles left an estate valued at approximately $15 million. He left a $9 million spousal trust and a […]

  • May 1, 2010 June 16, 2018
  • 10:45

Testamentary trusts can be a useful tool in creating an estate plan, and ensuring that spouses who remarry, children from previous marriages and disabled children are all looked after. They are established through a will and become effective upon death. A trust requires three people: The settlor is the creator of the trust, who transfers […]

  • April 10, 2010 July 10, 2018
  • 09:00

In Canada and around the world people today are living longer. But higher life expectancies can be a mixed blessing. As we age, we face the possibility of myriad health challenges, including dementia and other forms of mental incapacity. Physical illness or a sudden life-threatening situation can render an elderly person incapacitated. What happens when […]

  • January 1, 2010 August 3, 2018
  • 11:36

Special attention must be paid to planning for the needs of disabled beneficiaries, some of whom will be dependent on their parents for most, if not all, of their lifetimes. Issues concerning financial support, housing, healthcare, education, and employment of the disabled beneficiary must be addressed and a comprehensive plan put in place. Providing for […]

  • November 1, 2009 June 16, 2018
  • 16:01

When a person dies leaving a will in Ontario, it isn’t uncommon for the executor of the estate to apply for a certificate of appointment of estate trustee with a will, a legal process where courts confirm the validity of the deceased’s will, and the executor’s authority to act on behalf of the estate. An […]

  • October 1, 2009 June 16, 2018
  • 14:33

When advising clients on making a will, it isn’t uncommon to discover they have assets in foreign jurisdictions. That being the case, advisors need to know how to deal with issues that may arise from having overseas wealth. Consider the following scenario. Mary is a Canadian citizen who lives in Ottawa but spends her winters […]

  • September 1, 2009 June 16, 2018
  • 12:36

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