If you think Trusts are only for wealthy children waiting to obtain family riches, think again. Here is a simple guide to how Trusts can be an important part of an estate planning toolkit.
You might not say it out loud, but you may privately wonder if your child’s marriage will stand the test of time. And if you also give or lend your child money from time to time, you may worry what might happen to that money if the marriage falls apart. Francois Desmarais, a Tax and Estate Planner at TD Wealth, joins Kim Parlee to discuss some ways to structure a gift or loan.
Remarriages are common but can also make estate planning much more complex. For example, what happens when you decide certain assets should go to your children and not your new spouse? In many provinces, inheritance laws don’t make that straightforward. Francois Desmarais, Tax and Estate Planner at TD Wealth, joins Kim Parlee to discuss some ways to ensure your wishes are met.
As of November 8, 2021, the U.S. border is open for non-essential travel. That’s great news for the nearly one million snowbirds who had their wings clipped last year due to the COVID-19 pandemic. Chris Gandhu, High Net Worth planner with TD Wealth, joins Kim Parlee to discuss a few things snowbirds need to know before they fly south.
Think you need to be retired to think about estate planning? Truth is, there are some real benefits to getting an early start. Here’s a checklist of things to consider, to make sure you’re ready and able to provide for your loved ones, no matter what age or stage of life you’re at.