Home Tax Estate Planning

Latest news in Estate Planning

3 estate planning mistakes

The best way to learn is through mistakes. So here are three common estate planning offences.

Your clients will inherit $100,000

Are you preparing your clients to handle their inheritances responsibly?

  • By: Staff
  • July 8, 2014 August 21, 2018
  • 05:59

When your client wants to change beneficiaries

Advisors often hear first that an heir’s fallen out of favour

How the Clintons use trusts to cut tax

Publicly, Bill and Hillary Clinton have championed an estate tax, notes Bloomberg, on the grounds that it would help keep the country from being controlled…

  • By: Staff
  • June 20, 2014 August 21, 2018
  • 09:38

Is that trust resident, or non-resident?

The second STEP 2014 session from today was about Canadian trust issues for non-resident beneficiaries. Here are some of our live tweets.

  • By: Staff
  • June 17, 2014 August 21, 2018
  • 14:59

What you missed at STEP’s CRA roundtable

If you weren't at this morning's STEP 2014 CRA roundtable on tax, here's what you missed.

  • By: Staff
  • June 17, 2014 August 21, 2018
  • 14:33

Insurance and estate law update

Advisor.ca is live-tweeting the 16th annual STEP Conference today via @advisorca. Here are some key takeaways from morning sessions on insurance and trust and estate…

  • By: Staff
  • June 16, 2014 August 21, 2018
  • 13:01

Don’t delay planning

Clients should simultaneously grow estates and outline wealth transfers

  • By: Katie Keir
  • June 16, 2014 September 9, 2018
  • 00:15

Guide wealthy clients’ donations

Your wealthy clients want to give to charity, but chances are they don’t know how to make efficient donations.

6 tips for estate planning success

At least $1 trillion could soon change hands as baby boomers age and begin to leave their assets to younger generations.

  • By: Staff
  • June 11, 2014 August 21, 2018
  • 05:59

How much to pay the executor

How do you place a dollar figure on the work involved?

Name trustees for clients with disability trusts

Liz and Mike are both accountants in their late 40s. Their only child, Jordan, is 16 and has Down syndrome. He’s living a happy, fulfilling…

5 reasons to use a private foundation

Private foundations have become more popular over the last 10 years.

Help a widow sell her business

How to get the maximum sale price for a company

3 tricky trust rules

One misstep can mean a big tax bill or thwarted intentions

The changing landscape of testamentary trusts

Budget 2014 announced several structural adjustments

Don’t delegate trustee duties

If your client doesn’t pay attention, she could be held legally liable if something goes amiss.

Donate life insurance, save tax

Fewer Canadians are donating to charity. Statistics Canada reports donations fell nearly 2% to $8.3 billion in 2012. What’s worse, the number of people giving…

Help clients avoid gift-giving mistakes

Many clients wish to leave money to charities after they die.

  • By: Staff
  • May 5, 2014 September 6, 2018
  • 05:55

Help blended families

Relationship dynamics should drive strategy

Wealthy to leave 30% of estates to children

Help clients decide how much to leave to kids.

  • By: Staff
  • April 8, 2014 August 21, 2018
  • 05:59

When a client might cut off an adult child

You have a new client and learn he has a 32-year-old son who still lives at home. The couple has two other adult children who…

Discuss final expenses before it’s too late

If clients plan for final expenses, it’ll make things easier on their children.

What to ask before taking the executor’s job

A client’s close friend asked him to be her executor. Honoured, he agreed. But now he’s come to you, admitting he doesn’t know what to…

What to do with unexpected assets

How to handle burial plots and other unexpected assets.