Category: Estate Planning

Haven’t Updated Your Estate Plan in a While? It’s time

From the Wall Street Journal – Many people wait until it’s too late, and leave a mess to their heirs. WALL STREET JOURNAL July 26, 2017    Financial adviser Bijan Golkar begged his father to update his estate plan after his father divorced and purchased significant business and real-estate holdings. But despite his cajoling, his [..]

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A “Gift” May Really Not be a Gift at all!

Time and time again I am involved in cases that involve disputes where one family member claims ownership over an asset or item of property left by a deceased parent and the remainder of the family members argue that the asset or property belongs to the estate and was never meant to be a gift [..]

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The Mental Capacity Required to Make a Valid Will

I am regularly asked by family members if a parent has the mental capacity to make a new Will.  So here is my answer in a nutshell. Mental capacity is both time and task-specific. The level of capacity required when it comes to the requisite capacity to provide instructions for and to execute a valid [..]

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Five Mistakes to Avoid When Writing Your Will

Hot off the press is this handy little article from Clare O’Hara As boomers prepare to transfer billions of dollars into the hands of younger generations, estate planning is becoming more important than ever – yet industry experts continue to see a number of common oversights from clients when preparing to pass along their assets. [..]

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RRSP Designations and Taxes

RRSPs are a popular retirement savings device and can be a valuable asset. It is important to ensure that proper planning is in place to avoid unintended consequences which could be devastating to an estate plan. Under Part III of the Succession Law Reform Act, RRSPs are registered plans that can be designated to pass [..]

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