Gifting a parent’s assets using a power of attorney
As power of attorney, does it make sense to divide up a parent’s assets before their death?
Estate Planning
Do you have to split your estate evenly between your children?
Courts in some provinces can vary the distribution of an estate and override a last will and testament. Here’s...
Is the family responsible to pay the mortgage for a loved one who has passed away?
When a home owner dies with money owing on the property, the type of ownership determines who is accountable...
Should I sell and rent or get a reverse mortgage?
What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for...
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What are the taxes on transferring real estate to your kids?
Joan and her partner own the condo her son lives in, but they want to transfer ownership to him....
Capital gains, taxes and more: The implications of inheriting real estate
There are tax, estate and other implications when inheriting real estate, even from family.
Is a name change on a will a game-changer?
Creating a will is a good thing to do. It dots the Is and crosses the Ts. But what...
How does an executor pay estate expenses during the probate process?
An executor is expected to pay the expenses of an estate on time, but what happens if the estate...
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I cosigned a motorcycle loan and the owner passed away: What are my obligations to the bank?
A Certified Financial Planner helps a reader understand their obligations—and their options—after cosigning on a loan.