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It’s always shocking to hear that a wealthy celebrity has died and left no will. A star-studded example of an all too common problem: too many Canadians are dying without a will, leaving children, heirs and assets in limbo.
With tuition fees climbing higher and higher, RESPs can be a good way to maximize savings for postsecondary education. But, do you know which plan is right for your family?
The death of a partner can unleash a multitude of financial responsibilities for the surviving spouse. Here are some tips to help.
But what about keeping the cottage in the family? The cottage gift can become a financial punishment. Without some planning, leaving the cottage to your kids could mean also leaving them with a giant tax bill. TD’s Ian Lebane offers tax strategies.
Domenic Tagliola, Will and Estate Planner TD Wealth explains why having a well-thought-out succession plan is the key to continuing the legacy of family businesses.