Archive for the ‘Philanthropy/Charitable Giving’ Category

‘Baby boomers under 75 set to inherit $750 B in next decade’- CIBC

Thursday, June 9th, 2016

Sounds exciting doesn’t it? Many readers who are under age 75 may already be thinking about ways to spend this money.  Money that they have yet to receive. The CIBC study reported that there are about 2.5 million Canadians over the age of  75 with a total net worth of ...

Are Charities Second-Class Beneficiaries?

Monday, May 30th, 2016

Charities face a bizarre challenge when administering gifts by will.   It should be simple.   After the donor’s death, a charity named as a recipient of an estate donation becomes the beneficiary of a trust.   The money is owed to the charity and the interest in the trust is legally enforceable.   ...