Estate Planning Insights

Image for Estate planning for beneficiaries with additional support needs in Manitoba

Estate planning for beneficiaries with additional support needs in Manitoba

Insight

Published: November 12, 2024

Authors: Katrina Scaramuzzi, Kennedy Pinette

Categories: Estate Planning, Taxation, Wealth Preservation & Asset Protection

In Manitoba, estate planning isn’t just about the distribution of assets. Especially for beneficiaries with additional support needs, estate planning involves careful consideration and specialized strategies to ensure the well-being … Read More

Image for Weighing the risks: Joint bank accounts & in-trust accounts in estate planning

Weighing the risks: Joint bank accounts & in-trust accounts in estate planning

Insight

Published: July 11, 2024

Authors: Desiree Katz, Kennedy Pinette, Katrina Scaramuzzi

Categories: Estate Planning, Wealth Preservation & Asset Protection, Wills, Trusts & Estates Litigation

Summer Student-at-Law Tobey Xiang assisted in updating this article. Estate planning can be an overwhelming process. With so many options and so much information available, it can be difficult to … Read More

Image for Bare trust reporting requirements for the 2023 tax year & beyond

Bare trust reporting requirements for the 2023 tax year & beyond

Insight

Published: April 2, 2024

Authors: Aaron Haight, Adam Bendig

Categories: Estate Planning, Taxation, Wealth Preservation & Asset Protection

On March 28, 2024, the Canada Revenue Agency (CRA) announced that it will exempt “bare trusts” from the updated trust reporting rules for 2023. For more information on the trust … Read More

Image for Manitoba to modernize vital statistics through new electronic death registration

Manitoba to modernize vital statistics through new electronic death registration

Insight

Published: March 20, 2024

Authors: Desiree Katz, Kennedy Pinette, Katrina Scaramuzzi

Categories: Estate Planning, Wills, Trusts & Estates Litigation

Authors: Jihan Hosein, Desiree Katz, Kennedy Pinette, Katrina Scaramuzzi Administering the estate of a loved one can be a challenging and lengthy process. The person administering an estate will be tasked with, among other things, compiling … Read More

Image for What constitute assets held in “trust” for the purposes of new ITA reporting requirements?

What constitute assets held in “trust” for the purposes of new ITA reporting requirements?

Insight

Published: December 13, 2023

Author: Elyssa Lockhart

Categories: Estate Planning, Wills, Trusts & Estates Litigation

There has been considerable press coverage of the Canada Revenue Agency’s new trust reporting requirements, which have come into effect and apply to trusts with year-ends December 31, 2023 and … Read More

Image for Alberta Court of Appeal confirms the Court’s broad supervisory jurisdiction over estate matters and limits of a “majority rule” clause

Alberta Court of Appeal confirms the Court’s broad supervisory jurisdiction over estate matters and limits of a “majority rule” clause

Insight

Published: November 24, 2023

Author: Judd Blitt

Categories: Estate Planning, Estates Law, Wills, Trusts & Estates Litigation

The role and responsibilities of a personal representative (executor) in estate matters can be complex, challenging and emotional – especially when that person is a spouse or child of the … Read More

Image for “I do” and “I will” — Why you may need a new estate plan

“I do” and “I will” — Why you may need a new estate plan

Insight

Published: March 27, 2023

Author: Katrina Scaramuzzi

Categories: Estate Planning

Authors: Katrina Scaramuzzi, Jihan Hosein Getting married could invalidate your will, which would mean it would be “revoked” and no longer in effect when you die. In Manitoba, if you get married after your … Read More

Image for Joint ventures: Practical with tax advantages for succession planning

Joint ventures: Practical with tax advantages for succession planning

Insight

Published: March 1, 2023

Authors: Aaron Haight, Alain Gaucher, K.C.

Categories: Agriculture & Food, Estate Planning, Taxation

If you’re considering retirement or expanding your farming operation, a joint venture arrangement may give you some much-needed flexibility and offer tax advantages. A joint venture has some similarities to a … Read More

Image for How Alberta’s new <em>Trustee Act</em> will impact settlors, trustees and beneficiaries

How Alberta’s new Trustee Act will impact settlors, trustees and beneficiaries

Insight

Published: February 1, 2023

Authors: Sam Amelio, K.C., Jayde K. Morello

Categories: Estate Planning

Authors: Sam Amelio, Harmanjit Mavi, Jayde K. Morello Alberta’s new Trustee Act (the “New Act”) received Royal Assent and came into force on February 1, 2023, streamlining the province’s trust laws and imposing … Read More

Image for The Benefits of an Estate Freeze for Business Owners

The Benefits of an Estate Freeze for Business Owners

Insight

Published: September 2, 2022

Authors: Adam Levene, Suraj Lakhi

Categories: Estate Planning, Estates Law, Taxation

This blog provides an overview of estate freezes, what an estate freeze is, the tax and non-tax benefits, and the negative consequences of freezing too early. What is an Estate Freeze? Estate … Read More