In London (where I recently visited), newspapers were awash with stories about the HMRC (their Revenue Canada) investigating the tax avoidance plans of individuals who do Estate planning. Inheritance tax in England is heavy. Some people inherit property, but the inheritance tax makes it impossible to retain the property, and so the property in some cases is relinquished […]
This discussion is not a variation of Elizabeth Browning’s famous poem. It is about the tragedy described in the case Brown v. Pearce Estate (whose reasons for judgement were recently released). The case is a claim for variation of a mother’s Will by her son, the Plaintiff. Background The deceased died in late-2012. She had […]
Life expectancy in B.C. is now around 81 years for men and 85 for women. At age 65, however, life expectancy for men has become 20 years (so if a man reaches age 65, chances are he will reach age 85), while for women it has become about 22 years (so a woman aged 65 can expect […]
“Families Avoiding the Tough Conversations” is the topic of a recent article on WealthManagement.com. The article examines the issue of parents talking with their children about Estate and healthcare planning. Apparently, there isn’t a lot of talk these days. Parents don’t want their children to count on an inheritance, while children don’t want to broach […]