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The Canadian Guide to Will and Estate Planning: Everything You Need to Know Today to Protect Your Wealth and Your Family Tomorrow 3E
     

The Canadian Guide to Will and Estate Planning: Everything You Need to Know Today to Protect Your Wealth and Your Family Tomorrow 3E

by Douglas Gray, John Budd
 

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We all know we need a will, one that is current and reflects our wishes and changing life events. So why do two-thirds of Canadians still die without a will - without a plan for passing on their assets the way they want? Why do Canadians still risk losing everything to creditors or the government, or certain relatives being awarded assets by provincial government

Overview

We all know we need a will, one that is current and reflects our wishes and changing life events. So why do two-thirds of Canadians still die without a will - without a plan for passing on their assets the way they want? Why do Canadians still risk losing everything to creditors or the government, or certain relatives being awarded assets by provincial government formulas, none of which were the deceased’s intention? Approximately one out of four Canadians die suddenly, so advance will and estate planning is critical.

In this third edition of the bestselling The Canadian Guide to Will and Estate Planning, Canada’s foremost author team of experts in estate planning provide you with insights and options, practical suggestions, and authoritative guidance. You can then discuss your customized and evolving needs and wishes with your professional advisors in an informed fashion, to ensure your assets are protected and your family and beneficiary needs are met with strategic tax and estate planning. This approach will save you time, money, tax, stress, and anxiety.

Using practical checklists, real-life examples, and answers to frequently asked questions, Douglas Gray, LL.B, and John Budd, F.C.A., provide helpful guidance on many important topics, including guardianship, powers of attorney, trusts, probate, special options for small and family businesses, passing on the family cottage, charitable giving, tax planning, estate planning, insurance and much more. Also includes an extensive glossary and appendix, and invaluable resource information and websites.

Completely updated to reflect the latest changes in relevant legislation and taxation, and with a new chapter on preserving and increasing your net worth, The Canadian Guide to Will and Estate Planning explains how to:

  • Obtain expert legal advice to prepare a will to protect your interests and assets
  • Ensure that your assets will pass to the intended beneficiaries without hassle
  • Use special legal and estate planning strategies to protect your business
  • Avoid family feuds and spousal disputes
  • Minimize or avoid income taxes and capital gains taxes through strategic tax and estate planning
  • Use the latest tax laws to maximize the benefits of charitable giving

    Don’t let the government be your principal beneficiary – take the time to plan ahead!

  • Product Details

    ISBN-13:
    9780071761765
    Publisher:
    McGraw-Hill Education
    Publication date:
    01/07/2011
    Sold by:
    Barnes & Noble
    Format:
    NOOK Book
    Pages:
    432
    File size:
    6 MB

    Related Subjects

    Meet the Author

    DOUGLAS GRAY, LL.B., is a Vancouver-based expert on estate and retirement planning. Formerly a practicing business and real estate lawyer, he is now a consultant, speaker, columnist and author of 25 bestselling business and personal finance books (published primarily by McGraw-Hill and John Wiley & Sons), including the “Top 10 National Best-seller,” The Canadian Snowbird Guide. Many of these books have been published in other languages and adapted for foreign jurisdictions. Douglas has also designed a real estate investment software program for McGraw-Hill Ryerson and has been a regular expert contributor on personal finances issues for various internet sites and CD-ROM products, including Microsoft Money and QuickTax—Home and Business. He has also been a regular contributor to the Microsoft Canada Small Business web site and the Microsoft Network Canadian Money Central web site.

    Douglas has given seminars and presentations to over 250,000 people nationally and internationally in his various areas of expertise. Frequently interviewed by the media as an authority on personal finance and retirement matters, Douglas has appeared many times on various CBC, CTV and Global TV programs. He has given over 1,500 media interviews. He has been a regular columnist for Profit, Computer Paper, Canadian Computer Wholesaler, Canada News and Forever Young and a nationally syndicated columnist for Southam Press. He has also been a periodic contributor to the Globe and Mail, Toronto Star, House and Home, Macleans, Good Times, Canadian Moneysaver, Adviser’s Edge, The Successful Investor and many other publications.

    His family of web sites includes estateplanning.ca, retirementplanning.ca, snowbird.ca, homebuyer.ca and smallbiz.ca.

    DIANA GRAY is an experienced business owner and consultant. Her company provides centralized business services to small and medium-sized companies as well as home-based businesses. Diana lives in Vancouver, BC.


    JOHN S. BUDD, F.C.A., is a financial and investment advisor in Toronto. He is one of the owners of Cumberland Partners Limited, a firm which provides investment management services to affluent families through its wholly-owned subsidiaries, Cumberland Private Wealth Management Inc. and Cumberland Associates Investment Counsel Inc. John holds a Bachelor of Commerce (Honours) degree from the University of Toronto, and he is a Chartered Accountant. In 1991, John was honoured by the Ontario Institute of Chartered Accountants by being named a Fellow of the Institute, in recognition of his contribution over many years to the C.A. profession. For more than 25 years up to 1997, he specialized in tax and estate planning, including 18 years as a tax partner with Deloitte & Touche in Toronto. His clients included some of Canada’s most affluent individuals and families. In addition, he served as national leader of Deloitte’s estate planning service line. While at Deloitte’s, he authored Second Property Strategies, a bestselling book on capital gains tax planning for vacation properties and second residences. For many years, he was also the editor and co-author of Deloitte’s Canadian Guide to Personal Financial Management, and a contributor to How to Reduce the Tax You Pay. In addition, John developed and instructed a number of specialized tax courses for the Canadian Institute of Chartered Accountants, including CICA Personal Tax and Estate Planning, Using Trusts in Tax Planning, and CICA Advanced Tax Issues.

    John has been a member of the Toronto Estate Planning Council since 1979, and served as the Council’s President in 2002/2003. He is also a member of the Canadian Tax Foundation and of the international Society of Trust and Estate Practitioners (STEP). John has been a guest speaker and/or chair of many tax conferences and seminars for the Canadian Tax Foundation, The Strategy Institute, Insight Conferences, and other organizations. He has also written numerous articles and has been frequently quoted by the media in the Globe and Mail, National Post, and Financial Post Magazine, and appeared several times on CBC Business World. In 1997, John left public accounting to go into the investment management business. In 2000, he joined Cumberland Private Wealth Management Inc. as a partner and client portfolio manager. John is a shareholder of Cumberland’s parent company, Cumberland Partners Limited, and he serves on the firm’s Board of Directors. His responsibilities include business development, as well as the day-to-day management of the investment portfolios of a number of affluent clients who are located in Canada, the United States, Bermuda and Europe. John lives with his wife and family in Toronto.

    For more information, visit: www.cumberlandprivate.com.

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