Get to know your clients’ beneficiaries through educational family meetings on estate planning
Court: The insured who tried to bar his brother from inheriting the insured's estate should have used more precise language
Stepchildren can often be overlooked in estate plans
This organic growth opportunity provides insight into clients’ values
However, while most Canadians have raised the topic few have gone into details
Section 160 of the Income Tax Act can have draconian consequences
Most people don’t understand what happens to their debts after their death, leaving their beneficiaries vulnerable
The well-known phrase “easy come, easy go” often is the theme behind the worries of many financially secure clients as they begin serious estate planning. Most clients will designate sons, daughters, nephews, nieces and perhaps a charity or two as beneficiaries. But here’s the haunting question: can a young beneficiary handle a lump-sum inheritance? Some […]
Terry Ritchie, a registered financial planner and a cross-border tax and estate specialist, discusses U.S. estate planning issues for Canadians with property in the U.S. He spoke to Rudy Mezzetta, reporter with Investment Executive, at the TMX Broadcast Centre in Toronto.
Clients who register assets with their grown children as joint tenants could be asking for trouble. Things can sour when more than one child is involved there have been cases in which one child has decided to keep all the money