Archive for the ‘Trusts’ Category

TRUSTEE AND BENEFICIARY – THE ROLE OF THE BENEFICIARY

Tuesday, July 28th, 2015

This is my last blog in my series “Trustee and Beneficiary – An Arranged Marriage”. In my first blog of this series, I made the point that relying upon the concept of an arranged marriage when establishing the trustee-beneficiary relationship ought to be reconsidered. Rather, it’s time those who espouse ...

Ethical Investing in Trusts (part II)

Thursday, July 23rd, 2015

This Blog is a continuation of the topic I dicussed in my previous Blog about Socially Responsible Investing’ (“SRI”) in the context of estate & trust administration.  I noted in my last Blog that a Testator or Settlor can expressly permit or mandate investment choices such as an SRI mandate. However, if there are no such ...

Estate of a Deceased Taxpayer and the Principal Residence Exemption

Friday, July 10th, 2015

Mr. Joe lived in a house with his second wife, Mrs. Adele until his death several years ago. The house was transferred to his estate and according to the terms of the trust, Mrs. Adele was provided with the right to occupy the house as long as she desired. ...