The best way to learn is through mistakes. So here are three common estate planning offences.
Are you preparing your clients to handle their inheritances responsibly?
Advisors often hear first that an heir’s fallen out of favour
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…
The second STEP 2014 session from today was about Canadian trust issues for non-resident beneficiaries. Here are some of our live tweets.
If you weren't at this morning's STEP 2014 CRA roundtable on tax, here's what you missed.
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…
Clients should simultaneously grow estates and outline wealth transfers
Your wealthy clients want to give to charity, but chances are they don’t know how to make efficient donations.
At least $1 trillion could soon change hands as baby boomers age and begin to leave their assets to younger generations.
How do you place a dollar figure on the work involved?
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…
Private foundations have become more popular over the last 10 years.
How to get the maximum sale price for a company
One misstep can mean a big tax bill or thwarted intentions
Budget 2014 announced several structural adjustments
If your client doesn’t pay attention, she could be held legally liable if something goes amiss.
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…
Many clients wish to leave money to charities after they die.
Relationship dynamics should drive strategy
Help clients decide how much to leave to kids.
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…
If clients plan for final expenses, it’ll make things easier on their children.
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…
How to handle burial plots and other unexpected assets.