by Monica BeffaWhy do you need an estate plan?
You want your assets to be divided clearly and fairly between family and friends; you need an estate plan, and now is the best time to start.
by Monica BeffaDO I NEED A LAWYER TO DRAFT MY WILL?
Planning for your end of life is not something comfortable to do, and that’s why many people don’t get around to drafting their Will. Almost half of all Canadians don’t have a Will in place, which is a surprising statistic given the importance of having a will. So why is important to have a...
by Monica Beffa7 CELEBRITIES WHO DIDN’T LEAVE A WILL
(Intestate = without a will) 1. Abraham Lincoln- Lawyer, President of the United States Age at the time of death: 56 As the 16th president of the United States and a lawyer, some would be shocked to find out that Abraham Lincoln has not drawn a Will before he died. After his assassination in 1865, President Lincoln’s intestate estate was valued at $110,300 and was divided among his wife...
by Monica BeffaThree Things You Need to Know About Taxes At Death
1. There is no inheritance or death tax in Canada In Canada, there is no inheritance or death tax levied on the beneficiaries; the estate pays any tax that is owed to the government. If you are the beneficiary of money or assets through an estate, you inherit the money tax-free, i.e. the tax has already been paid by the estate. You do not have to add inheritance to your income tax return. 2....
by Monica BeffaThe Curious Case of Jeffrey Epstein’s Wealth, Death, and Estate
It’s not clear whether Epstein had a Will, and even if he had one, it probably wouldn’t have made the case any easier. But, for the rest of us, ordinary people, having a Will is always a good idea.
by Monica BeffaESTATE PLANNING
Majority Canadians do not have a will – the most basic estate planning step. They should.
by beffalaw_a0hv81