All About Estates

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Total 304 Posts

More Random Thoughts in Isolation

Still in isolation, still feeling random… 1.  There’s no way that this post is going to be as good as my first one 2.  One day holograph wills are going to be replaced by hologram wills 3.  Once we’re all back in the office, it’s going to feel like the…

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Should Foundations Give More?

Charitable foundations are grappling with their response to COVID-19.  A Canadian initiative, Give5.ca, is advocating for increased granting through a time limited pledge in 2020.  Simply, the ask is for foundations to pledge to grant at least of five percent of their assets to registered charities in 2020.  That’s it….

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Low- Interest Environment: Time To Take Advantage Again.

In past blogs, we discussed income splitting arrangements available to individuals who wish to loan funds to his/her lower income spouse or adult child, or in the case of minor children, a discretionary family trust. Such loans would be used to invest in income producing properties such as marketable securities,…

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A Virtual Q&A Session on Holographic Wills

Today’s blog was written by guest blogger, Anna Chen, Associate at Fasken LLP. The current pandemic has created a number of difficulties in having Wills drafted, signed and witnessed in the usual course.  As a result, we may see an increase in the number of handwritten Wills, which are commonly…

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Random Thoughts in Isolation

I hope everyone is managing well and staying safe. Here are some random thoughts in isolation: 1. Some provinces are now allowing the virtual witnessing of wills. In related news, Estate lawyers are now the new tech support 2. Until now, I bet you didn’t realize how many corporate mailing…

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Home Buyer’s Plan and Disabled Family Member

In a recent blog, I wrote about the availability of Home Buyer’s Plan (HBP) to an individual after the death of her spouse who purchased the matrimonial home. In a recent Technical Interpretation (2019-0819671E5, D. Odubella), the Canada Revenue Agency (CRA) was asked by a taxpayer to review the availability…

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Managing a Beneficiary’s Share in Real Property with … Shares! Potential Utilities of Nominee Corporations in Estate Planning

Today’s blog was written by guest blogger, Giancarlo Mignardi, Articling Student at Fasken LLP. For many individuals, their asset of highest monetary value is their real property. For estate planners, this means that often it is important to work with clients to find ways to minimize taxes payable on death…

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Intention Governs the Disposition of RRSP converted to RRIFs

In the recent application of Boulos v. Duca, 2020 ONSC 1946, the Court considered the issue of what becomes of a beneficiary designation of an RRSP when the account is converted to a RRIF, and no subsequent beneficiary designation is made. Facts: In the 1980s, Yura Nicola Khagek met a…

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One Short Year Ago!

Today’s blog is being brought to you by guest blogger, Tracy Parkinson, law clerk in the Private Client Services group of Fasken LLP. Thinking now back to what life was like a year ago, I’d say that we were living “footloose and fancy free” although it might not have felt…

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The Plague and Charitable Bequests

In 1348 the plague hit Florence – and Europe – hard. Half the population died in this densely populated city of 80,000. One result of this mass die-off was 350,000 florins of bequests to one organization, Orsanmichele, a grain market with a miracle producing Madonna shrine.  How much is 350,000…

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