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Alter-Ego Trusts: Effective Will Substitutes
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Alter ego trusts make it easier for individuals over the age of 65 to use an inter vivos trust as an alternative to a Will.
Canadians have traditionally used a Will to distribu ...
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Testamentary Trusts
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A testamentary trust is set up through your Will, or as an Insurance Declaration.
Of course, every situation is different, and much planning depends upon a person's unique circ ...
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Estate Planning For Non-Residents Storing Gold and Other Precious Metals in Canada
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Objective:
For a non-resident ("NR") of Canada who holds precious metals, it can make a great deal of sense to store some of these assets in Canada.
One of the principles of weal ...
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Powers of Attorney - What's Going On?
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A Power of Attorney ("PoA") allows another person to act on your behalf in financial and property matters. It is a simple document that relies on the Common Law to work. PoA's ar ...
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Liquidating Freeze Preferred Shares
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CGE preferred shares have a high cost base which avoids capital gains on the first $500,000 if the business is sold by way of share sale. If however, the business is more likely t ...
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Executor Checklist
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Executor Checklist
funeral arrangements
obtain, read, interpret the will
meet the family
obtain all financial information from the deceased's records
(accounts, cre ...
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No Will? What happens if you die?
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Many people do not make a Will because they are unwilling to think about what will happen when they die. This puts an extra burden on family members who may not have the ability t ...
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Leave a Legacy
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Every day in B.C. and around the world, people's lives are enriched by the work of not-for-profit organizations. Leave a Legacy is a campaign by a large group of charities to encou ...
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"ITF" Accounts for Minors: Traps in Federal and Provincial law
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Many parents create bank or mutual fund accounts for their minor children using the words "in trust" thinking that this is a valid trust for tax purposes. This arrangement is now u ...
