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Latest news in Estate Planning

Balancing the needs of income and capital beneficiaries

Trusts and total return investing in challenging times

Seg funds for estate planning: advantages and pitfalls

Segregated funds are often seen as useful for minimizing potential estate administration fees.

Should clients use trust protectors?

Such appointments aren’t common, even though they can add an extra layer of security for settlors

  • By: Katie Keir
  • March 18, 2016 September 7, 2018
  • 00:10

Understand executor compensation rules

Understanding the rules

Don’t let courts choose who gets dead clients’ RRIFs

The courts have ordered proceeds to be paid to someone other than the designated beneficiary.

Luck, usually, won’t settle your estate

When my dad died, I was lucky. I’m not saying I didn’t like the guy (I did), or that his passing significantly lined my pockets…

What if it wasn’t the last will?

In an ideal world, estates would have clearly written, legally drafted and current wills. In the real world, things aren’t always as neat. Sometimes, a…

Ontario changed its bankruptcy laws, and it may affect your client’s home

Ontario has changed the law governing what bankrupt clients may keep, and what creditors may seize, to settle debts.

3 fixes for clients’ trust woes

In January, the Department of Finance released draft legislation that would fix three key trust-related problems planners have been struggling with.

Learn about this estate planning safety net

A look at British Columbia’s Public Guardian and Trustee

Deceased mother’s codicil bites back

Help three brothers battle legal and estate issues

Finance drafts solution to spousal trust nightmare

The Department of Finance has released draft legislation that would solve a tricky problem for spousal trusts arising from rule changes made under the previous…

Help clients leave digital legacies

There are no laws in Canada to protect clients, so here’s what you need to know

Green donation guide released

If clients want to put some green toward green causes, let them know they can also donate land and real estate -- and save tax…

  • By: Staff
  • December 24, 2015 August 21, 2018
  • 09:57

Help clients give away assets

Gifting assets during one’s lifetime is fraught with legal and tax traps

Don’t let clients avoid estate planning

More than half of Canadians don’t have a will, and 61% say they never spoke to their parents about estate planning, says the Ontario Bar…

  • By: Staff
  • November 13, 2015 August 21, 2018
  • 09:52

How executors should handle funeral arrangements

One of the first responsibilities of any executor is to make funeral arrangements for the deceased. But what if the will doesn’t mention funeral arrangements?…

What happens to estate planning when both heir and testator die?

Client profile Brenda Paulson* was driving her ailing father, 92-year-old Adam Bodenheimer, to a hospital in Ajax, Ont., when they were struck by a truck…

Ethical investing in trusts

What to watch for with this emerging trend

The trouble with new spousal trust rules

New rules make effective planning more difficult

Help clients avoid lonely deaths

What happens when a person dies alone? A haunting New York Times article investigates this question by chronicling the story of George Bell, a 72-year-old…

  • By: Staff
  • October 19, 2015 August 21, 2018
  • 12:31

The flexibility of beneficiary designations

Clients can use their wills to make designations

Provincial trust residency tested

In this case, the taxpayer prevails

The pitfalls of non-resident PoAs

Tell clients to factor in where potential candidates live

  • By: Katie Keir
  • October 16, 2015 September 7, 2018
  • 00:46

A new formula for tax-efficient philanthropy

Client profile Annabelle Bonheur*, 56, is a biochemist at a major pharmaceutical company and makes $325,000 a year. Her deceased parents left her a large…