Upon death, a taxpayer is deemed to have sold of all of their property at fair market value thus resulting in a tax liability. This is known as a deemed disposition. Estate freeze is an estate […]
Probate is the legal process where will goes through provincial courts in order to get certified and validated. This process can be expensive but there are ways to avoid probate and minimize your estate tax bill. […]
At death, an individual is considered to have disposed of all of their property of value such as investment accounts, real estate, shares in a private company, cars and more! For property that has increased in value, an individual would be responsible to pay capital gains. […]
To determine if the will is legal and valid, it goes through a process known as probate. The will is sent to court and the courts will establish the true Last Will and Testament. Probate can help confirm the legitimacy of documents. […]
Seg funds also known as segregated funds are long term investment products, similar to mutual funds, but offered exclusively by life insurance companies. The unique mechanism that differentiates segregated funds from mutual is the fact […]
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