Believe it or not, there was once a time when you could walk into a local bank branch or doctor’s office and talk to someone you might know or have a good working relationship to help you. Unfortunately, that is no longer the case. In a world full of anonymous avatars, online scams, and deepfakes, […]
Living (inter vivos) trusts A living trust, or inter vivos trust, which you set up during your lifetime, is usually used for tax reasons. People can use a trust to share income with lower-income family members, using a loan with a prescribed interest rate, or to multiply the lifetime capital gains exemption (LCGE) when planning […]
These episodes, combined with my mother’s observations of increasing forgetfulness and compulsive behavior, prompted us to have him medically tested. The diagnosis was immediate: early dementia. His doctor has revoked his license and ordered me to immediately take control of his finances. It was then that my family and I were introduced to a harsh […]
It is a story about two young adults who are indignant about the amount lost due to taxes – $ 659,000 – when their parents both died within a year in their early 60s. I can sympathize with the children, thinking that they would get so much money to discover that they were considerably less. […]