Archive for the ‘Estate Planning’ Category

I will survive, then again, you may survive

Friday, November 27th, 2015

 A testator should, for the most part, be able to read and comprehend the terms of his or her Will. Yet even a Will drafted in so called "plain English" may contain a couple of terms or phrases ("issue", "per stirpes", "in specie") with special meaning and/or not used in ...

Definition of a personal trust

Wednesday, November 25th, 2015

The Canada Revenue Agency (CRA) was asked whether voluntary contributions of capital to a Trust by its beneficiaries would cause the Trust to lose its status as a Personal Trust. The October issue of Video Tax News reminds us of a number of favourable rules in the Income Tax Act (Canada) ...