Archive for the ‘Family Conflict’ Category

WHO KNEW THERE IS A BENEFIT TO HAVING TWO SPOUSES

Friday, September 5th, 2014

Under the Income Tax Act (Canada) when a taxpayer dies they are deemed to dispose of all capital property that they own. The result is a realization of all accrued capital gains and an income tax liability in respect of those gains. A deferral of this liability exists ...

Care Needs Trump $$

Thursday, September 4th, 2014

Further to my last week’s blog, ‘Care @ Home’ I wrote that the POA for Property/Finance should support the care needs of the incapable individual and the decisions made by the POA for Personal Care. I received a note from a reader who provided the following legal reference ...

King Lear: Lessons in estate and succession planning, capacity and family dynamics

Friday, August 29th, 2014

The Stratford Festival has included ‘King Lear’ among this year’s performances.  ‘Lear’, of course, is the poster boy for older adults who use poor judgment in determining how and when to distribute their assets to their children.  The opening of King Lear reveals the King’s intent to divest his kingdom ...