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Estate Accounting

US Estate and Gift Tax: Part I – an introduction

Written by on October 05, 2015.

Canada has not had estate and gift taxes since their repeal in 1972.[i] It will be a surprise for many Canadians that they could still be subject estate and gift taxes under US tax law. Canadian residents who are not US citizens can be subject to tax on assets owned in the United States including US real property and stocks. Overview of US tax attributes The US Internal Revenue Code (IRC) imposes tax liability depending on a taxpayer’s classification as: (1) a US citizen; (2) a US resident a...

Wills, Trusts and Estate Planning for People with Disabilities and their Families

Written by and on June 01, 2014.

Introduction Families are very familiar with positive planning processes that are focused on helping their child with disabilities to have a good life. You may have had help by many people in your unique situation to develop a good plan: extended family and friends, members of your child’s support circle, other families in similar circumstances, or facilitators. In order for your plan to continue after you are gone, it is also necessary to develop a will and estate plan. Your lawyer’s resp...