| Documents / Wills |
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Charity Never Fails -
Especially When It's Your Estate
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Estate's
Market Value at Death
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(A)
$ 1,500,000
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A.C.B.
Adjusted Cost Base
|
500,000
|
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Capital
Gains for Tax Purposes at Death
|
1,000,000
|
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New
Capital Gains Tax @ 66.66%
|
666,000
|
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Assumed
Marginal Tax Rate @ 49.1%
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(B)
327,000
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Net
After Tax in Estate (A
minus B)
|
$ 1,172,700
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Estate's
Market Value at Death
|
$
1,500,000
|
|
A.C.B.
Adjusted Cost Base
|
500,000
|
|
Capital
Gains for Tax Purposes at Death
|
1,000,000
|
|
New
Capital Gains Tax @ 66.66%
|
666,000
|
|
Assumed
Marginal Tax Rate @ 49.1%
|
327,000
|
| Non-refundable
Charity Tax Credit from Insurance Donation |
325,000
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| Income
Taxes |
0
|
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Net
to Estate After Tax
|
$ 1,500,000
|
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| Estate Planning and Wills
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Estate Planning is all about people, from
individuals to large families. Basic needs in planning estates range
from:
- Saving
Taxes
- Building
Cornerstones
- Choosing
Trustees
- Assigning
Beneficiaries
- Protection
and Conservation
|
Wills are essential most of the
time, to define who's in charge, who gets everything, who is your
back-up. Remember family comes first and keeping promises to
beneficiaries is essential.
For
information on Alter-Ego/Joint Partner Trust and Inter Vivos Trust
click on AIM
Tax and Estate Information . . . then scroll down and click
on "10 Simple Steps".
For
further advanced Estate Planning such as the above consult a Financial
Planner at Ogden Financial Planners Ltd.
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