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Charity Never Fails - Especially When It's Your Estate
Estate's Market Value at Death
(A) $ 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%
(B) 327,000
Net After Tax in Estate (A minus B)
$ 1,172,700
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
Income Taxes
0
Net to Estate After Tax
$ 1,500,000
Estate Planning and Wills

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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