Important #COVID19 market volatility perspective from one of our asset managers, BlackRock : This is not 2008
As a member of a blended family you need to pay careful attention to how your estate is structured to avoid inadvertently disinheriting your children. Blended families are families where some or all of the children in the family are not the natural or adopted children of both spouses or common-law partners. Determining how an estate such as this should...
As a business owner, having a well thought out tax and estate plan is key for financial success. Business owners sometimes say, “My business is not complex or big enough to warrant a tax and estate plan”. But quite often, this is not the case – a plan’s value is maximized when implemented before it is truly needed. Think about...
When an estate or gift is left to a child, it can be subject to a family property claim if the child later separates or divorces. But, there are ways to protect the inheritance, which ensures your child is the sole beneficiary. 01 When a gift or inheritance is used to purchase a jointly-held asset, like a home, that asset...
For many families, it is much more important to preserve the family cottage than any other asset. Those who want to leave the cottage to their children must plan for the tax consequences and disputes which may arise upon their death. The concepts here apply to any vacation property, including a ski chalet or condo. 01 Make sure that you...