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Wills & Estate Planning

Wills

Advantages of having a will

What happens if you die without a will?

Do you need a lawyer to write a legal will?

Does a will need to be registered?

Who can challenge a will?

Sample will

Estate Planning, Probate Fees, Bare Trusts

Bare Trusts, Joint Ownership,  Estate Planning, Minimize Probate Fees

Probate fees by province/territory

When Someone Dies

What to do when someone dies

What happens to debts of the deceased?

Deemed disposition of capital property upon death

Death of a Taxpayer / Loss on Residence Sold by Estate

Income Taxes of Deceased Taxpayer

Tax Returns of a Deceased Taxpayer

OAS Clawback for a Deceased Taxpayer

Are gifts or inheritances taxable? - Includes information on consequences of selling capital property non-arm's length for less than fair market value

How are RRSPs and RRIFs taxed at death?

Donations in the year of death and in the will, qualified donee as beneficiary of RRSP, RRIF, TFSA or life insurance policy

Tax Tip:  Plan ahead by making a will and ensuring your wishes are known.

Other Estate Planning Resources

Watch! Current Estate Planning Tools and Challenges

Jos Herman CPA, CA, CFP, CLU, TEP from Resources & Solutions Professional Corporation and Joseph Devaney CPA CA from Video Tax News discuss important estate planning topics and some of their challenges:

Digital Estate Planning on the All About Estates website, written by  Dave Madan, Market Lead and Manager, Scotiatrust