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On the November 4th episode of Dollars and Sense on CJAD 800 AM, David A. Altro, Managing Partner, Florida Attorney & Canadian Legal Advisor, was joined by Matt C. Altro, Cross Border Financial Planner, Partner & COO at Altro Levy LLP and President & CEO at MCA Cross Border Advisors Inc.
The show reviewed real life client situations which focus on cross border issues. Read the rest of this entry »
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Earlier this year the Quebec superior court rendered a judgment in the case of Québec (Curateur public) c. A.N. (Succession de), 2014 QCCS 616 (CanLII) where the court clarified the nature of a beneficiary’s right in a testamentary discretionary trust.
In this case, the beneficiary of the testamentary discretionary trust had a serious mental health condition similar to autism, which made him entirely dependent on his mother until her death. The beneficiary’s condition and inability to provide for his own needs made him eligible to receive financial and social assistance payments from the ministère de l’Emploi et de la Solidarité sociale (the “Department”). Read the rest of this entry »
On the September 30th episode of Dollars and Sense on CJAD 800 AM, Matt C. Altro, Cross Border Financial Planner, Partner & COO at Altro Levy LLP and President & CEO at MCA Cross Border Advisors Inc. was joined by Jason Ansel, Ontario & Quebec lawyer at Altro Levy was our on-air cross border expert.
The show reviewed some frequently asked questions that our cross border experts receive regularly. Matt and Jason answered these FAQs during the show: Read the rest of this entry »
On the September 3rd episode of Dollars and Sense on CJAD 800 AM, Matt C. Altro, Cross Border Financial Planner, Partner & COO at Altro Levy LLP and President & CEO at MCA Cross Border Advisors Inc. was our on-air cross border expert.
The show focused on the services of Altro Levy’s affiliated entity MCA Cross Border Advisors with Matt reviewing threshold issues for Canadians moving to the US and Americans living in Canada. The main topics which were discussed are listed below along with several questions from individuals who called in to speak with Matt. Read the rest of this entry »
In the last few years, I had the pleasure of spending many summer weekends at a friend’s family cottage in the beautiful Georgian Bay. Like many retired Canadians, my friend’s parents spend virtually every weekend at their cottage, which they built with their own hands decades ago, and plan almost every holiday and major family event there. As a result, this cottage has significant emotional value to the family and will likely require special consideration and discussion in their estate-planning scheme.
Cottage and vacation home succession is a conflict-ridden area of estate planning as family members may have different personal goals and levels of emotional attachment to the property. The parents may want the cottage to be kept in the family for generations while the children may balk at the high maintenance costs and long drives to the property and would rather sell the property when the parents pass away. Consequently, planning for the family cottage should always start with a family conference with your children and discuss how they may wish to deal with the property in the future. Read the rest of this entry »