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Latest news in Estate Planning

Advise clients about potential forced heirship

One of the fundamental goals clients have when they put wills in place is deciding the “who, what, when, where, why and how” of how…

Help clients prioritize retirement

Saving for retirement has taken a back seat to debt repayment.

  • By: Staff
  • March 17, 2014 September 6, 2018
  • 05:55

Help an ailing business owner

Options for an indebted software entrepreneur facing a health crisis

Don’t make estate administration mistakes

Executors can be held personally liable

Will assets pass away with your clients?

Only 2% of heirs plan on keeping assets with their parents’ advisors, according to Investor Economics. This means you’ll likely lose assets to other advisors.…

How to buy U.S. real estate

Prepare clients for all costs of owning, renting or selling property.

Client collapses trust to fund daughter’s education

Elsa Koertig, 48, is a single mom and schoolteacher in Moose Jaw, Sask. She earns $65,000 annually and her daughter Ingrid is heading to university.…

When capacity’s in question, what can you tell the kids?

Planning ahead for a client’s mental or physical incapacity isn’t always possible. Here’s how to protect yourself.

Tax benefits of an estate freeze

Cut your clients’ bill with this common strategy

5 steps to estate success

Failure to plan means headaches for clients and advisors

Tax changes may hurt disabled Canadians

The government’s quashed graduated rates for testamentary trusts after three years for all but disabled beneficiaries. But that exception may not be enough.

Budget gives executors wiggle room

Budget 2014 has made it easier to get the maximum benefit from donations made by will.

How to deal with a cross-border estate

Being an executor isn’t easy. That goes double for executors in charge of an estate with significant U.S. assets, or a fully U.S. domiciled estate.…

5 common drafting problems with wills

More than half of Canadians do not have wills, according to estimates. And of those that do, many may be outdated or improperly drafted.

Preventing POA abuses

When presented with a POA document, Harold Geller, a civil litigator with Ottawa-based Doucet McBride LLP, says advisors should focus on a few basics.

Dealing with POA abuse

Government stats estimate as many as 10% of seniors are victimized by elder abuse.

Help a difficult, elderly client

How to create a succession and estate plan before it’s too late

Working through disabilities

How to safeguard inheritance

How to discuss PoA for personal care

Help clients before it’s too late.

How to make a Power of Attorney ironclad

Most advisors know the importance of a PoA. So to avoid challenges, watch for these problems.

How to keep second-generation clients

Connect to clients’ kids when helping with wealth transfers.

  • By: Katie Keir
  • January 14, 2014 August 21, 2018
  • 04:55

Stress-testing a will

Under the law, a person drawing up a will is free to make whatever will he or she wants to make. But while a person…

How enforceable is a marriage contract?

A marriage contract is only as good as the process used to put it in place, says Jenny Hughes of O’Sullivan Estate Lawyers Professional Corporation.…

Key times to update client estate plans

If clients separate or divorce, you’ll need to make sure their estate plans are updated in a timely manner.

Estate planning for wealthy seniors

Josef is a 90-year-old widower with three children, six grandchildren and two great-grandchildren