Breaking down the ‘executor’s year’
Some beneficiaries are entitled to interest on their inheritance starting one year after death
Some beneficiaries are entitled to interest on their inheritance starting one year after death
Avoid the tax consequences of not distributing a TFSA quickly after the account holder dies
For the best tax treatment, distinguish between current and capital expenses
What executors need to know when a beneficiary can’t be easily identified or found
While audits are uncommon, rules introduced in 2015 ensure stringent reporting of assets
Expanded trust reporting requirements announced four years ago were set to be effective, but feds still haven’t passed legislation to enable them
Factors to consider when setting aside funds for minors
A client scenario with a family cottage shows the importance of planning
Complex relationships are increasing the risk of litigation
Use these tips to make the most of a donation tax credit
Parents are helping children buy houses and start businesses
The collaboration provides clients who need basic estate planning an affordable, online option
Some want to see loved ones enjoy their inheritance, while others are motivated by financial need
From sports memorabilia to vintage cars, treasured items require special attention
Keeping it in the family and maintaining harmony
Experts divided over whether streamlined application forms will make applying easier
If a will doesn’t address compensation, then provincial statutes, case law or set guidelines govern how much an executor can receive
Contributions and loans to a graduated rate estate can have tax consequences
A change in use could result in a deemed disposition
Consider the tax consequences before transferring property after a separation
Stakeholders want it to be clear that beneficiary designations indicate the deceased's wishes
The decision in Mak (Estate) v Mak differs from the controversial Calmusky ruling
Adult twins who were disinherited by their dad have been granted 70% of his estate by a B.C. judge
Clients may need to revise their wills if they’ve named out-of-jurisdiction executors
New rules may allow more executors without a legal background to apply for probate