Setting up a family trust

I recently met with my accountant to have my tax return prepared – and he told me that I should consider having a family trust established in order to save some tax in future years.   He suggested that I speak with a tax lawyer.   How can I go about having a family trust set up?

I am the caregiver of a loved one, who has assured me that I will be taken care of when he or she passes on? Will that promise hold up?

Anyone can make a claim after a person has passed on that the deceased person made a verbal commitment of benevolence towards them. 

Should I act as a surety?

Like the phone-a-friend option on Who Wants to Be a Millionaire, you may be on someone’s short list in an emergency – except this time instead of helping your friend win money, you are putting your own finances on the line.

What can I do if I am not getting my inheritance when I should?

My parent just died.  My brother and I don’t really get along that well and he is the executor of the estate. 

What can I do if I am not getting my inheritance when I should?

My parent just died.  My brother and I don’t really get along that well and he is the executor of the estate. 

Rising damage awards make HRTO a good option

Increasing damage awards shows the Human Rights Tribunal of Ontario (HRTO) is becoming an increasingly viable option for victims of sexual assault seeking civil redress,

Tax Planning

I am getting remarried next month – and my accountant told me that, unless I get some tax planning advice and act on it, my children from my first marriage and my new spouse could end up at loggerheads when I die.  The accountant suggested that I speak with a tax lawyer.  How could tax planning assist me?
 

Bill 164 needs work, but addresses real harms, injustices

Bill 164 needs work, but addresses real harms, injustices

I am getting remarried next month – and my accountant told me that, unless I get some tax planning advice and act on it, my children from my first marriage and my new spouse could end up at loggerhead

Without obtaining tax planning advice, and thereby benefiting from having a tax-effective estate plan, an individual who marries for a second time and has children from his/her first marriage could leave his/her new spouse and his/her children in a major dispute following his/her death

My parents are aging. I heard that putting assets into joint ownership will make things simpler when they pass on. Is that true?

We are often asked if elderly parents should put their money into joint bank accounts with their adult children or transfer their real estate into a joint tenancy with one or more of their adult children.