If you have family members who live considerably far away, the holidays may be an opportune time to discuss matters of estate planning, as everyone gathers in one place to celebrate and be with loved ones.
Higher-income Boomers expected to receive most in 'bequest boom'
In terms of wealth transfer to younger generations, the next decade will see what some are calling a "bequest boom."
Survey: Generation-x Canadians behind on retirement savings
You may have heard it before, but it bears repeating: it is never too early to start planning your estate.
How to avoid a lump-sum distribution to heirs
In your last will and testament, you can clarify how estate assets should be distributed to heirs. Unless your will states otherwise, your heirs will receive their full share of assets after the estate has been administered.
Which is best for you and your spouse: Joint or separate ownership?
One important aspect of estate planning is consideration of whether it makes sense for couples to hold investments jointly or separately.
Have you planned how the distribution of your assets will affect your dependents?
Generally, in Ontario, you can bequeath your estate assets however you choose. There are exceptions, however.
Does your last will and testament still reflect your wishes?
You've taken the important step of creating a last will and testament, so now you can put the matter behind you for good. Right? Not necessarily.
Prevent confusion and heartache for family members by planning your estate now
You may have heard it before, but it bears repeating: it's never too early to start planning your estate.
Hundreds of billions of dollars to be inherited by Canadian Boomers in next decade
It is estimated that more than 16 per cent of Canadians were over the age of 65 in 2015, and Baby Boomers outnumbered children aged 14 and under.
New rules affect Canadian trusts' eligibility for Principal Residence Exemption
The federal government recently issued new rules for the Principal Residence Exemption (PRE), which allows for exemption from tax on capital gains if you are selling your primary residence.
