Estate Planning
It seems easy and straightforward when you make out your Will: you divide your assets between family, charitable causes and other beneficiaries and all is said and done. Your final wishes are now in writing and detailed for those who survive you.
Recent developments in Ontario regarding Wills
By Eric J. Bundgard, Catholic Register SpecialMost people in Ontario have a generalized familiarity with the concept of a Last Will and Testament (or “Will”, for short).
Avoid the creation of a tax burden in estate plan
By Peter Okonski, Catholic Register SpecialWhen you start considering who should inherit various parts of your estate and other assets, think about the most tax-effective solutions that avoid creating tax burden for your beneficiaries.
Plan now, save grief later
By Arthur Peters, Catholic Register SpecialRecently, I attended a meeting where the discussion turned to the matter of making your estate plan. The presenter noted that in doing so, your priorities should be family, charity and then the tax man.
At Catholic Missions, charity begins at home
By Quinton Amundson, The Catholic RegisterWith the years of COVID-19 pandemic in the rear-view mirror, Catholic Missions In Canada (CMIC) approached 2023 as a year to reassert its visibility in the Canadian Catholic community.
Despite tumultuous times, support still flows
By Wendy-Ann Clarke, Catholic Register SpecialAmid the pandemic hardships of the past few years and a rapidly changing world since, Catholic Family Services (CFS) Toronto has maintained its unwavering support for those in need. Executive director Brenda Spitzer credits much of this resilience to the generous support of donors.
Things often forgotten in an estate plan
By RHONDRA SOGREN, Catholic Register SpecialPeople often overlook items of sentimental value during estate planning, and this oversight can lead to disagreements and relationship-ending issues.
Minimize your tax burden with a sound plan
By ANTHONY CUSIMANO AND THOMAS BANG, Catholic Register SpecialIt is important to be ready for the two certainties in life: death and taxes. A good estate plan will help maximize benefits and reduce taxes in the event of death and/or potential incapacity.
A faithful shepherd never stops caring
By Vanessa Santilli- Raimondo, Catholic Register SpecialRetirement is typically defined by its slower pace of life. But this isn’t the case for Fr. Vitaliano Papais. In fact, he is striving to lead an active retirement as he continues to serve our community of faith.
Avoid creating tax burden in estate plan
By PETER OKONSKI, Catholic Register SpecialWhen you start considering who should inherit various parts of your estate and other assets, think about the most tax-effective solutions that avoid creating tax burden for your beneficiaries.
Tax relief for transfer of family businesses
By Anthony Cusimano and thomas Bang, Catholic Register SpecialGiven the large number of aging baby boomers, the next 10 years will see a dramatic increase in intergenerational transfer of wealth. Many business owners have worked their entire lives and have a significant portion of their net worth tied up in these businesses.