All About Estates

Transferring Wealth During Your Lifetime

I was reading recently that approximately $30-trillion in assets will be shifting from one generation to the next across North America in the next few decades, according to consulting firm Accenture. A couple of years ago, I wrote about gifting cash or assets during one’s lifetime as an alternative method…

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Is a cane an ‘enabler’ or a ‘disabler’? What is your point of view?

I work with many seniors who prefer not to use the assistive devices that are prescribed/recommended for their safety and well being. In particular, the use of a cane and the use of a walker seem to viewed by many as an unnecessary attachment and an ‘aging’ device. I feel…

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Charitable Gifts from Alter Ego Trusts

In Canada we do not have an estate tax. Rather, when an individual dies the individual is deemed to have disposed of his or her capital property immediately before death at fair market value. The deemed disposition triggers the realization of any accrued but unrealized capital gains. As a result,…

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Trick or Treat – Estates Edition

This blog was co-written by Frederick Krueger Imagine you’re the executor of a horror writer’s estate. Everything is going to charity, except for his amazing summer house, which has been left to his ex-wife. The couple had a very messy divorce, but the ex-wife loved that home more than anything….

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“Death be not proud, though some have called thee mighty and dreadful, for thou are not so…” – John Donne

It is never easy when a loved one dies. Only adding to one’s grief is the fact that the administrative tasks to deal with a death can be complicated. There is any number of loose-ends to address and specific steps to take to bring finality to a life well-lived.

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Dementia and MAID

Medically assistance in dying (MAID= Bill C14) for eligible Canadians was passed by federal legislation in June 2016.  To recap, eligibility includes: Being 18 years and older and mentally competent Having a grievous and irremediable medical condition Making a voluntary request for MAID that is not the result of outside…

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Alberta’s Supported Decision-Making Authorizations

This blog was written by Isabelle Cadotte – Estate and Trust Consultant with Scotia Wealth Management We’re all familiar with Wills, Enduring Powers of Attorney and Personal Directives but have you heard of Supported Decision-Making Authorizations (SDMAs)? SDMAs are available in Alberta for adult individuals who have mental capacity but…

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Interim Support and the “Bare Minimum”

Should a widow have to deplete her meager savings and income before being entitled to interim dependant support from her late husband’s estate? In Anderson v. Anderson, 2019 ONSC 5627 (CanLII), the court’s answer was unsurprisingly “no”. The deceased had been married to his second wife for almost 20 years….

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Trustee’s Personal Liability – It Could Go on for Years!

Take the case of Estate of Ronald Alfred Craymer v Hayward et al, 2019 ONSC 4600, The Craymers were married in the 1980’s. It was a second marriage for Mrs. Craymer and a fourth marriage for Mr. Craymer. At the time of their marriage, Mrs. Craymer had three adult children…

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Today is Election Day

Today is election day across Canada.  Voter turnout in the 2015 election for Canadians 65 and older was 83%.  We have a voice and one that needs to be heard and yes, we can make a difference. Like many readers of today’s blog,  I am a baby boomer and what…

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