Transferring property to a family member can be a meaningful gesture, whether it’s a gift, part of an estate plan, or a strategic financial choice. However, understanding the tax implications is key ...
Frank can avoid probate on his RRIF and TFSA by listing his two children as 50/50 beneficiaries, Rempel said. “His estate ...
Editor’s note: This is part two of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for asset ...
After a grantor passes away, becoming the trustee can be daunting, especially if you’re responsible for distributing property. Houses are among the most valuable assets in a family for financial and ...
Question: I am 80 years old and have a daughter who lives in my rental property. She will inherit it when I pass away. She would like to take over the ownership now. How do I do this in such a way ...
Signature collection is underway for Initiative 23-0005 to restore the right of parents to transfer their home and limited other property to their children without reassessment to market value. This ...