Archive for the ‘Wills’ Category

VALUATIONS AND REVERSING TAX REASSESSMENTS: Lessons learnt

Monday, June 22nd, 2015

I have been writing about valuations for estate plan agreements, highlighting that they should be based on fair and reasonable methods, prepared in good faith, properly supported and documented at the time of valuation. This approach to valuations should also apply to other estate planning and charitable giving arrangements. Take donations ...

Reaffirming Intentions when drafting a Will

Wednesday, June 17th, 2015

Those of us involved in estates generally, and certainly those in estate litigation, know that ultimately what we do is record a person’s intention.  A person’s intention is what is most important when talking about their estate and the transfer of wealth. We hear it again and again with respect ...

Qualified Disability Trusts: The last of the Trusts with Graduated Tax Rates

Thursday, June 4th, 2015

My fellow bloggers have written about the elimination of the graduated tax rate system for testamentary trusts effective January 1, 2016, which means all trusts except the “Qualified Disability Trust” (“QDT”) and the “Graduated Rate Estate” (“GRE”) will be subject to the top rate of tax on income retained in ...