While many of us our familiar with the general dynamics of the financial abuse of elders, and, may in fact have engaged in planning in an effort to thwart such abuse or in litigation resulting from such abuse, most “estate professionals” are much less familiar with the role law enforcement plays with respect to the issue.
From the rights of children to know about their biological origins to the ownership of sperm, the legal issues inherent in assisted human reproduction are ever expanding.
“If there are no dogs in Heaven, then when I die I want to go where they went”. Will Rogers (1879-1935), American Humorist
There are lessons for everyone in the way the rich focus on long-term financial planning and wealth transfer.
“More than 50%” is the oft quoted statistic for the percentage of Canadians who do not have a valid Will. According the BDO Dunwoody/Compass Report on Canadian Family Business, a staggering 78% of business owners do not have a succession strategy for their business in place. The same report showed…
I’m often asked what is an “up-to-date” Will? Although Wills do not expire, it is essential that you periodically review the document to ensure its continued validity.
The role of executor can be a highly demanding and time-consuming responsibility. Appointing the right executor is an essential component of any well-crafted estate plan.
Only 1 out of 10 donors inform the charities they have named in their will about the pending bequest. Why are donors so reticent to tell charitable beneficiaries about their estate plans? This reluctance often gets in the way of prudent planning and a satisfying philanthropic experience. Clients have many…
“The collection of preparation tasks that serve to manage an individual’s asset base in the event of their incapacity or death” – www.investopedia.com; “The process of preparing one’s assets for one’s death”- www.thefreedictionary.com; Whatever definition you prefer…