All About Estates

Month: June 2011

Total 23 Posts

Wine – How Liquid is it Really?

In last months’ Canadian Lawyer Magazine, Warren Porter, owner of Iron Gate Private Wine Management, wrote about wine as a liquid asset. When a wine collector dies, teh collection can be very valuable, and if the collection is not specifically dealt with in the Will, the issue becomes: how does an estate trustee realize this value for the beneficiaries?

Continue Reading

Testamentary Charitable Remainder Trusts

Trusts are balancing acts. The balance is especially challenging when there is a mixture of family and charitable beneficiaries that occurs with certain testamentary trusts. The classic scenario is a testamentary charitable remainder trust. A spouse is income and capital beneficiary for life and one or more charities receive the remainder interest.

Continue Reading


The freezing of current share value so that your chosen successors can easily participate in the future growth of your enterprise is a common estate planning technique. What if the value of the frozen shares now exceeds the value of the enterprise as a whole?

Continue Reading

Bozzer Wins! More Interest Relief Available under Fairness Provisions

While in my last few blogs I’ve focused on knowing when your will plan isn’t simple, today I’ve asked my partner, David Fox to blog on a recent development in the fairness provisions applied by Canada Revenue Agency. David is a partner in our Tax group. He brings to your attention what practitioners consider to be a welcome clarification of the fairness provisions available to taxpayers who may owe interest in respect of income taxes owing from tax years ten or more years old. What follows comes to you from David…

Continue Reading

Second Marriages: for better or worse…….

Second marriages can be a source of conflict between adult children and the step parent. But does it have to be?

Continue Reading

There’s insurance for that?

“The role of an estate trustee can really be a thankless task”. So ended Justin’s blog on June 20th. The fact there is now an insurance product available to protect estate trustees in the event they are successfully sued by a disgruntled beneficiary only underscores this truism.

Continue Reading

Change of Circumstance Defence

What happens when an estate trustee distributes money to the wrong beneficiary or distributes the wrong amount?

Continue Reading