Many advisors don’t realize clients have to revisit estate plans when they move to other provinces and territories. While taxation rules on death are generally the same across Canada, other family laws aren’t. Here’s what to consider.
Born in Israel and raised in Queens, Gene Simmons amassed a mega-fortune from scratch. And he’s dished on what he’ll do with it when he’s gone, reports the Financial Post.
For many Canadian families a straightforward transfer of assets will meet their primary estate planning needs. But increasing complexity around issues of asset control, protection and tax-efficiency can make the use of trusts a better option.
Canadians need to move beyond traditional estate planning, according to a report from the BMO Wealth Institute.
Elizabeth Plant finally has the keys to her late father's house, but she's been ordered by a judge to stay 500 metres away.
Your client is planning an elaborate wedding she hopes will erase any memories of previous, ill-considered, unions.
Receiving a large, unexpected, sum of money has its advantages, but clients often have mixed feelings when that money comes in the form of an inheritance.
Karen is a single, 60-year-old retired executive with several million dollars worth of assets. Her twin daughters, Sarah and Leigh, are both pregnant. She wants to make sure her daughters and future grandchildren are taken care of, but is unsure how to leave money to unborn children.
Almost $30 million of the late James Gandolfini’s $70 million estate could be subject to a massive death tax, reports the New York Daily News.
56% of Canadians have a will in place, and 80% within this group plan to make the executor of their estates a member of their families says a new report by BMO Harris Private Banking.