The legacy of love blog

Location, location, location!

assets estate planning Mar 21, 2019

The number of Albertans looking to purchase a vacation property is growing every year... and that’s not surprising! There is nothing better than owning a chalet for weekend ski trips, or a house in Palm Springs, or a place on the golf course in Phoenix.  However, if you own a vacation home, you need to ensure that you have taken it into consideration when you are making your Will and planning your estate. 

Something that many families fail to consider is how the...

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Keeping the cabin in the family

assets Mar 14, 2019

Many Albertans have fond memories of spending long summer days at the family cabin with parents, siblings, cousins, grandparents, and aunts and uncles – and their intention is usually that future generations will be able to enjoy this family cabin experience as well.  As a result, passing on the family cabin is often a priority when creating an estate plan.  Unfortunately, complications may arise, both tax and otherwise, that can create challenges.

Whether you decide to...

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The top ten things your kids don't want

assets estate planning Jan 01, 2019

The following is excerpted from No Thanks Mom: The Top Ten Objects Your Kids Do NOT Want (and what to do with them) by Elizabeth Stewart.

In the following list of the Top Ten Objects Your Kids Do Not Want — inspired by conversations (or lack thereof) about my keepsakes with my 30-year-old son, Lock, and his wife, as well as by similar conversations I’ve had with hundreds of boomer clients and their millennial heirs — I will help you find a remedy for dealing with...

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What to do?

assets Dec 22, 2018

We were sitting in the coffee shop

Telling lies and swelling tea

When the subject of our treasures rose

Mainly those belonging to me

I thought about the question

And all the stuff I've come to cherish

50 years I've been collecting things

Where'd they go if I should perish

You see my kids, they're not mechanical

Though I taught them the best I knew

To save these things all wizzy

Some were rolled, a lot were new

Now the barn's right full of old car parts

Some fenders, lots of chrome

But I just...

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