If your client’s wife only left him a quarter of her estate, and little or no life insurance or other benefits on her death, he may be entitled to more.
joint tenancies and simple wills can have expensive consequences
If your clients are rich, the likelihood of a will being contested grows.
It’s natural for parents to worry. And, if they’re rich, they’re probably concerned about spoiling their children.
For clients older than 65, some trusts can help with succession planning.
Many immigrant clients value property over less tangible forms of wealth, since a home is a tactile sign of success.
Everyone needs an estate plan, says Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth Management.
With proper tax planning, you can reduce the amount of taxes payable on your property. But, improper planning can cost you a whole lot more; one B.C. couple's ill-advised plans cost them $700,000.
Lessons learned from the mishandling of miner Paul Penna’s multi-million dollar bequest
Splitting income inside a trust trims tax for your beneficiaries