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Archive for the ‘Uncategorized’ CategoryA New Twist on an Old Form of Japanese PoetryThursday, August 4th, 2011Via Twitter, I found an interesting idea loosely based on Japanese Haiku, a form of poetry. Instead of a pattern of 5-7-5 syllables, Matt Holman suggests a pattern of 5-7-5 words arranged in three lines to create a tightly-focused ‘elevator pitch’. To develop the pitch, Matt suggests answering these three questions: 1. Who do I help? (5 words) 2. What do I do for them? (7 words) 3. Why do they need me? (5 words) (more…)  Tax Efficient Ways to Help a Child or Grandchild with a Disability When a Parent or Grandparent DiesMonday, February 21st, 2011Rollovers from one RRSP (or RRIF) to another RRSPOn the death of a parent or a grandparent, under certain conditions the RRSP or RRIF of the parent or grandparent may be rolled over to a child’s RRSP on a tax-deferred basis if the child is dependent due to a mental or physical disability, regardless of the age of the child. Generally speaking, a disabled child is considered to be “financially dependent” if the child’s income for the year preceding the year of death was less than $17,621 (for 2010). Where the disabled child’s income exceeds the “financially dependent” threshold, (more…) When a Child Inherits (Part 1 of 2)Tuesday, November 24th, 2009If you are the parent of a child under 18 (referred to as a ‘minor’), you may wonder what happens if your child inherits. There are a number of ways that a child may inherit:
How Can I Avoid Probate? — Part FiveTuesday, September 8th, 2009
If you have been following my blogs on this topic, you will, by now, be wondering if it should have been titled ‘How Not to Avoid Probating a Will’. Admittedly, that might be a better title. Although I rarely recommend that a parent try to avoid probate between generations because of the many problems that I have outlined in previous blogs, there may be situations where it is a good idea. (more…) Taking Back Personal Care Decision-Making PowerTuesday, August 11th, 2009
Question If I become seriously ill and incapable of making medical treatment and other personal care decisions for myself, I understand that the person that I have named as my attorney for personal care has authority to make such decisions for me (subject to any conditions in the document which appointed the person). If I later recover enough to make those decisions on my own, how do I take back decision-making power? In other words, how do I “turn off’” or stop my attorney for personal care from making decisions that I am now able to make myself. I live in Ontario, Canada. (more…) |