An individual who becomes a guardian of property on behalf of a person who is deemed to be incapable may have questions about responsibilities. An individual who is unable to handle daily tasks such as paying bills, buying food and making other financial transactions...
Month: August 2014
Figuring out the finer points of taxes with an inheritance
Ontario residents may be interested in an explanation of the tax implications for different types of inherited assets. Either the estate of the owner of the assets or the beneficiary may face taxes depending on the type of inheritance and the instructions to the...
Estate planning basics in Canada
While experts recommend that everyone undertake thorough estate planning, it is especially important for Ontario residents with children, substantial assets or a business. Proper estate planning ensures not only that someone's wishes will be carried out upon their...
The importance of trustworthy fiduciaries
Ontario residents undertaking their estate planning would do well to make sure they appoint effective and trustworthy fiduciaries. In estate planning, a fiduciary is someone appointed to handle various aspects of a person's estate. A fiduciary might be a trustee, a...