The well-known phrase “easy come, easy go” often is the theme behind the worries of many financially secure clients as they begin serious estate planning. Most clients will designate sons, daughters, nephews, nieces and perhaps a charity or two as beneficiaries. But here’s the haunting question: can a young beneficiary handle a lump-sum inheritance? Some […]
Terry Ritchie, a registered financial planner and a cross-border tax and estate specialist, discusses U.S. estate planning issues for Canadians with property in the U.S. He spoke to Rudy Mezzetta, reporter with Investment Executive, at the TMX Broadcast Centre in Toronto.
Clients who register assets with their grown children as joint tenants could be asking for trouble. Things can sour when more than one child is involved there have been cases in which one child has decided to keep all the money
Advisors can help keep clients with global ties informed of additional rules
A frank conversation about death can bring peace of mind
If not properly addressed in your estate plan, these issues may leave your loved ones scrambling
Many boomers are worried that large portions of their estates could end up in the hands of a child's ex-spouse
Make conversations about issues such as wills and POAs routine
Dean Taylor, a financial advisor with Assante Capital Management in Collingwood, Ont., has grown his practice by focusing on financial, tax and estate planning for entrepreneurs and their families. He spoke with Dan Richards of clientinsights.ca at the TMX Broadcast Centre in Toronto.
Impending changes to Alberta’s wills and estates legislation should raise some red flags with financial advisors who deal with estate planning, some lawyers there say.