Archive for the ‘Trusts’ Category

The Rush to Avoid the 21 Year Deemed Disposition Rule: a Word or Two of Advice

Thursday, December 18th, 2014

As a professional advisor over the years, I have learned to accept good advice as well if not more than giving it. Recently, Colleen Ma of Dunphy LLP wrote about how the rush to avoid the 21 year rule for discretionary family trusts can lead to real problems if not executed ...


Wednesday, December 17th, 2014

The construct of a “trust” has its beginnings in equitable principles developed many centuries ago. Since the creation of this construct, the separation of legal and beneficial enjoyment of property has provided a means to plan one’s property and financial affairs, in a manner that also provided tax benefits. Similarly, ...

Redeemable Preference Shares: Accounting Proposal might complicate estate tax plans

Tuesday, December 2nd, 2014

Estate and succession planning arrangements often involve the creation of redeemable and retractable preference shares to “freeze” the value of a business to permit the transfer of the business’ future growth to designated successors. This is commonly found in estate planning arrangements for family owned businesses but it is also ...