Total 671 Posts
Given the horrific tragedy that occurred last week in Israel, I will not be posting a blog this morning. This week reaffirmed for me the reality that what impacts your loved ones also impacts you.
Thinking about family Continue Reading »
In the News, UncategorizedPart I – Personal Attribution This blog has been written by Pritika Deepak /Associate at Fasken LLP Gifting property or making loans to family members is a common way for individuals to transfer and share their wealth with their loved ones. There are, however, several rules in the Income Tax Act (Canada)[1] (the “Act”), commonly referred to as the attribution rules, which prevent or restrict an individual from “income splitting”…..
No good deed goes unpunished by the CRA Continue Reading »
Canada Revenue Agency, Estate Planning, Real Estate, Tax Issues, UncategorizedTHIS BLOG WAS WRITTEN BY ANTHONY PRANATA, ESTATE & TRUST CONSULTANT, SCOTIA WEALTH MANAGEMENT What is harder than being the executor of an estate? Being the executor of two estates simultaneously. If you are thinking there is no way this would happen to you as long as you are only appointed in one Will, think again. By accepting one executor appointment, you may become responsible for the estates of….
Chain of Executorship Continue Reading »
UncategorizedIn Estate of Harold Franklin Campbell (Re), 2023 ONSC 4315, the Court considered whether the new, curative provision under s.21.1(1) of the Succession Law Reform Act (“SLRA”) was available to revive a Will revoked by a subsequent marriage. Facts: Harold Franklin Campbell died on June 11, 2020. He was survived by his two children of his first marriage, Christopher and Lisa, and his second wife, Carol. Following the death of his….
Can a Revoked Will Be Revived by a Holograph? Continue Reading »
UncategorizedTypically, estate litigation involves guardianship disputes and fights over a deceased person’s property. In rare instances, however, estate litigation crosses over into the unfamiliar domain of personal injury law. A recent example of this crossover can be found in the case of Campeau-Proulx v Bancroft. The facts in Campeau-Proulx v Bancroft were tragic. On June 15, 2019, two-year old “M.B.” drowned while in the care of her father during an….
Bringing a Tort Claim as an Estate Representative Continue Reading »
UncategorizedThis Blog was written by Emily Racine, Estate and Trust Consultant with Scotia Wealth Management Estate planning is a complex and emotional process under the best of times. Adding on the natural intricacies that accompany mixed families and second marriages only further adds to these emotional complexities. While it is an uncomfortable topic of conversation, it is especially important that couples in complex family situations sit down and have honest….
THE IMPORTANCE OF GOOD ADVICE IN ESTATE PLANNING Continue Reading »
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