7+ hour, 31+ min ago  (475+ words) A draft will created after death can't meet the test in B. C. estates legislation A British Columbia court declined to endorse a will that was drafted after a woman's death, but it did approve a corrected version of a mirror will…...

3+ week, 3+ hour ago  (459+ words) Advisors have a duty of care beyond the quality of their advice " timing and communication matter...

2+ mon, 1+ day ago  (1236+ words) Many trusts may need to amend 2024, 2025 tax returns Under the new rules for alternative minimum tax (AMT), a reduced deduction for investment counsel fees " a measure that recently passed into law and is retroactive to 2024 " means many trusts may have…...

2+ mon, 4+ day ago  (642+ words) Clients" belief may be genuine, but there"s no proof the dealer did it: court A brokerage firm isn"t responsible for a former client"s long lost inheritance, an Ontario court ruled, concluding that they couldn"t prove that…...

2+ mon, 5+ day ago  (817+ words) They can be a powerful tool when dealing with complicated family dynamics or alternative assets An elderly wealthy person approached Kim Moody looking for tax advice. All their assets, mostly GICs, were held personally, the founder of Calgary-based tax firm…...

2+ mon, 1+ week ago  (431+ words) Draft of physical will favoured over incomplete digital edition In a legal tussle between charities over the estate of a woman who died without a valid will, a court in British Columbia ruled that her efforts to draft a physical…...

3+ mon, 6+ day ago  (449+ words) Seg funds can function as quasi-trusts Some clients who ask for a trust don't need one, says Jos Herman, founder of Resources & Solutions Professional Corp. , an insurance and estates consulting firm. She told an audience at the Independent Financial Brokers…...

3+ mon, 2+ week ago  (465+ words) Use of core CPI instead of headline rate reasonable, court finds An estate trustee has discretion over whether to use core or headline inflation metrics to index an annuity, an Ontario court has ruled. According to a decision by the…...

5+ mon, 1+ week ago  (1274+ words) Updated proposed filing exemptions are in Bill C-15 As a budget bill makes its way through the legislative process, the Canada Revenue Agency (CRA) has confirmed that bare trusts don't have to file tax returns for the 2025 tax year " and also…...

7+ mon, 5+ day ago  (691+ words) Main consideration in replacing executor is the beneficiaries' welfare In an ongoing dispute over the disposition of a $3. 1-million estate between a deceased woman's brother, who served as administrator of her estate, and the estate of her former partner, the…...