Total 671 Posts
This Blog was written by: Alicia Mossington (Godin), Estate and Trust Consultant, Scotia Wealth Management To paraphrase a popular song this time of year: He’s making a list He’s checking it twice He’s going to find out whose naughty or nice … Santa Claus is coming to town He knows when you’ve been bad or good, so be good for goodness sake. Episodes 60-62 of the Canadian True Crime Podcast[1]….
Generally speaking, real property (“property”) is often not specifically dealt with in a Will and therefore, it forms part of the residue of an estate. In this case, the executor is generally required to sell the property for cash as soon as possible, but this may not be the best strategy and other options should be considered. First things first, occasionally a client’s recollection is imperfect, so confirming how legal….
This past weekend was the American Thanksgiving. In Canada we knew it was their Thanksgiving because advertising for Black Friday sales was everywhere. First it was on Friday, then it included Saturday and Sunday and now we have Cyber Monday. Enough shopping!- especially as most of it is on line and for those of us who are ‘in the red zone’, it is a bit more challenging to support our….
Goodbye November Continue Reading »
UncategorizedCRA will allow post-mortem pipeline transactions to continue, which will allow individuals to avoid double tax on disposition of certain assets…..
POST MORTEM PLANNING: AGAIN MORE GOOD NEWS Continue Reading »
Business Succession Planning, Canada Revenue Agency, Estate Administration, Estate Planning, Executors, In the News, Investments, Property, Real Estate, Small Business, Succession Planning, Tax Issues, Uncategorized, Wills
In a follow up to my blog post of September 18, 2020 (“Part One”), this blog will consider what it means if you have received notice that you are a residuary beneficiary of an estate. You are probably wondering what a residuary beneficiary is. To understand this, you must understand what the term residue means. As I addressed in Part One of my blog, the term residue is defined to….
You’ve Got Mail – Part Two Continue Reading »
UncategorizedThere is a saying among charitable gift planners: “beware of in-kind property donors who show up with valuations in hand.” In other words, eager donors and their gifts may be too good to be true. This is folk wisdom that points to a serious issue. Donors, executors and charities often struggle with in-kind donation valuation. Who commissions and pays for in-kind donation appraisals, the donor or charity? Standard Practice The….
Valuing In-kind Donations Continue Reading »
Estate Donations, Estate Planning, Philanthropy/Charitable Giving, Uncategorized