ESTATE PROPERTY DISTRIBUTION AND ESTATE TAX LIABILITY

Monday, January 12th, 2015

Recently, the Canada Revenue Agency released a technical interpretation which served as a useful reminder that executors and ultimately beneficiaries should exercise caution when it comes to estate tax liabilities. The Income Tax Act requires that the estate’s legal representative which is often the executor must obtain a clearing certificate before ...

POWERS OF ATTORNEY AND ALTER EGO TRUSTS

Tuesday, September 16th, 2014

My fellow bloggers and I have written in the past about the ins and outs of legitimate probate fee avoidance arrangements available to a testator. These arrangements include an intervivos transfer of assets such as alter-ego trusts. Care and advice must be taken to ensure that the transfer of assets ...

Conversations Matter- Advanced Care Planning- Alberta Style

Monday, May 5th, 2014

Last week I had the pleasure of attending the Conference Board of Canada’s Council on Healthy Aging conference called “Healthy Aging: The Importance of Financial Care for Canadians”. It was a wonderful event which brought together experts from across the country to talk about issues and trends. One of ...