A different kind of trust, a different set of rules

Monday, July 28th, 2014

In 21 x 3, I wrote about three, sometimes tricky, trust rules:  the 21-year deemed dispositon rule; the rule against accumulations; and, the rule against perpetuities.  Following the post, I realized I had not been specific enough when a reader - esteemed charitable foundation advisor and former colleague, David Windeyer - ...

The Sting of a Lost Inheritance

Thursday, July 10th, 2014

The rock star Sting recently announced that his six children will not receive his US$300 million estate. Although he was a bit vague about the ultimate destination he intimated it would be charity. We’ve seen versions of this story before. In the tradition of Warren Buffett ...

Estate Donations: Comment on 2014 Budget Provision

Monday, March 3rd, 2014

Sometimes there are pleasant surprises in Federal Budgets. The 2014 version, which was delivered on February 11, contained a subtle but profound change to the tax treatment of estate donations. This change apply to gifts by will (bequests), direct designation gifts of RRSPs, RRIFs, and TFSAs; ...