Archive for the ‘Succession Planning’ Category

More on Graduated Rate Estates

Monday, November 16th, 2015

At a recent conference of the Society of Trust and Estate Practitioners, the Canada Revenue Agency (“CRA”) was asked to respond to certain questions regarding Graduated Rate Estates (GRE’s), in particular around the actual definition of a GRE and its application to a situation where the deceased has more than ...

Gifting and Incapacity – A Cautionary Tale

Friday, October 30th, 2015

Edward Foley was a dairy farmer.  In the last years of his life, he suffered two strokes.  Edward’s daughter, Dorothy, was his attorney for property.  After his second stroke, Dorothy managed her father’s banking and general finances for the rest of his life.  However, she did not manage his investment ...