There is something very sad about reaching your golden years, thinking that you will enjoy golf, grandchildren and giving sage advice, but instead, you are faced with abuse by those you trusted the most. Financial abuse of seniors by family members is becoming common and creates great family … [Read more...]
Tax Issues for Older Adults
In our working years, determining our personal tax burden can be quite simple – earn income and pay personal tax at the graduated rates. In our senior years, the formula is less straightforward. Though seniors pay tax at the same graduated personal tax rates as the rest of the population, … [Read more...]
Estate Administration Act : Significant Changes in the Law
Introduction The Estate Administration Act was proclaimed in force June 1st, 2015. It replaces the Administration of Estates Act. As such, the new Act applies to the administration of all estates, applications and grants. For many seniors, whose Wills stipulate that they will act as their spouse’s … [Read more...]