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Estate Planning

Estate & Succession Planning

Probate Fees and Taxes

This article discusses probate and ideas on how to reduce probate costs. Probate costs vary significantly among the provinces and territories and planning to reduce probate costs has become a very important part of an estate plan. (Aug 2014)

Executor`s Task List

Executors are responsible for a variety of tasks ranging from funeral arrangements to filing income tax returns with the CRA, to the final distribution of estate assets. If you are appointed Executor, our Task List will provide you with some guidance by describing the types of duties you will be required to perform. (Mar 2014)

Estate Planning: Family Meeting Guide

If you have been unable to sit down with your family (yet) to discuss the family Estate Plan, this is the guide to help make it happen.

Top 10 Reasons to Consider a Corporate Executor

The demands of being an Executor, along with the potential for personal liability, can be overwhelming. Depending on your circumstances and the complexity of your estate, you may want to use the services of a Corporate Executor. (Mar 2014)

Providing Support at a Time of Loss

This guide will help you understand the responsibilities of an executor and the key activities related to settling an estate.

Trusts for Asset Protection and Tax Savings

Trusts can provide protection for your wealth and tax advantages such as income splitting to reduce taxes. Without a Trust, your assets may be vulnerable to creditors, be depleted by spendthrift family members, and be subject to higher taxes. (Jun 2014)

Changes to the Ontario Estate Administration Tax Act

As of May 12, 2011, the Government of Ontario made a number of amendments to the Estate Administration Tax Act (EATA). This article outlines the changes.

Philantrophy and Giving Back - Your Giving Strategy

If you’d like to be more strategic with your gifting, consider incorporating charitable giving into your wealth management plan. A formalized giving strategy can be much more fulfilling, provides an opportunity to leave a legacy and offers some very attractive tax incentives.

Joint Ownership of Property

The Pros and Cons of Joint accounts

Designating Beneficiaries

The advantages of designating a beneficiary for your life insurance policy or registered plans.

Planning for the Family Vacation Property

If you own a vacation property, this provides information on the tax consequences of selling a second home and highlights important estate planning considerations, if your plan is to keep your vacation property in the family for the next generation.