Administering a trust comes with many responsibilities, but the general duty of a trustee is to account for and manage property for beneficiaries.If you have been chosen to administer a trust, your duties may also include: Reporting to beneficiaries Engaging in the...
While for many people family is the most important thing in life, it can be difficult sometimes to idealize family dynamics. Every family is different, and when life is shaken by the loss of a loved one, sometimes family members experience bitter conflict for a number...
There are numerous types of investments that can bolster one's retirement portfolio, but for many people, their largest investment is in their home. For some homeowners, it may make sense to cash in on the principle residence and add the proceeds to the retirement...
At , we have seen a wide variety of scenarios in which surviving family members have been confused and hurt by their loved ones' estate planning.One such scenario involves contradicting one's own will by making wealth transfers during one's...
The question of how to cover estate taxes is a common dilemma in estate planning. With that in mind, one thing you may want to avoid is saddling one of your beneficiaries with the tax bill while essentially allowing another beneficiary to avoid estate taxes...
As a parent or grandparent, you may be wondering about the surest and most efficient way to pay for your kids' or grandkids' postsecondary education. Given the significant cost, these matters require planning.Here let's discuss some options. First, it can be immensely...
After a divorce or other major life event, updating your estate plan is essential. That means updating your will along with any other plan that names a beneficiary. Such plans include work pensions, RRSPs and insurance policies.Additionally, if you want to customize...
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