“Our parents just passed—What do we do about their estate?”
Two siblings’ complex inheritance provides a case study in minimizing death taxes.
Estate Planning
Should you buy life insurance to pay for tax owed upon death?
When you die, capital gains tax might apply to some of your assets. Can life insurance help shelter your...
Can you save on taxes by owning an investment account with your child?
Jointly owning an asset with a child comes with tax and estate implications. Here’s why it may not be...
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Three reasons to have a will and estate plan
Creating a will and estate plan may not be the most romantic gesture, but it’s an essential demonstration of...
How to calculate the adjusted cost base of inherited property
What happens if you inherit a property and have no record of its value at that time? How can...
How to avoid or reduce probate fees in Ontario
Read about the practical strategies to reduce or avoid probate fees in Ontario, and ensure a smoother transfer of...
How to divide the assets of an estate between beneficiaries
Three siblings are beneficiaries of their parents’ estate, which includes several properties and investment accounts. How should they divide...
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Family legacy: How to pass along the family cottage—and 3 things to avoid
Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.