Protecting Your Business Legacy
Protecting Your Business Legacy Continue Reading »
Business Succession Planning, Estate Planning, Small Business, Succession PlanningAugust 2011
Finance and Marriage
35% of Canadian marriages end in divorce before the 25th wedding anniversary. 43% of those divorced individuals re-marry and this leads to estate planning complexity….
Finance and Marriage Continue Reading »
Estate Planning, Family Conflict, Spouse, WillsOntario Court of Appeal Considers When is a Gift Not a Gift
In McNamee v. McNamee, the Court of Appeal reviewed the essential ingredients of a legally valid gift. The issue on appeal was whether 500 common shares in the family business, which had been transferred to Mr. McNamee Jr. constituted a gift for the purposes of s. 4(2) of the Family Law Act.
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Ontario Court of Appeal Considers When is a Gift Not a Gift Continue Reading »
Estate Litigation, Succession Planning, WillsGrandfathered Agreements
My most recent blogs have explored the possible use of life insurance to completely eliminate the capital gain on death (assuming that sufficient insurance was in place) provided certain stop-loss rules do not apply. Not all was lost because, “grandfathered” agreements could prevent the application of the stop-loss rules.
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Grandfathered Agreements Continue Reading »
Canada Revenue Agency, Estate Planning, Executors, Insurance, Loans, Tax Issues, WillsRemembering Estate Planning During and After a Separation
The recent endorsement issued by Justice P.C. Hennessy in Makarchuk v. Makarchuk, 2011 ONSC 4633 serves as a reminder of the importance of considering estate planning issues when spouses are separating…..
Remembering Estate Planning During and After a Separation Continue Reading »
Estate Litigation, Estate Planning, Family Conflict, Separation