Principal Residence

September 05, 2024 |Charles W. Cullen III
For many, purchasing your primary residence is the largest purchase you will make in your life. This article discusses a number of tax and estate planning questions surrounding the principal residence exemption. As always, for more information, please...
Read more

Testamentary Trusts

August 29, 2024 |Charles W. Cullen III
One common way to distribute your estate is by using a Testamentary Trust, a trust that is created by your will. This article discusses some of the reasons you may want to consider using such a trust. For more information, as always, please reach out...
Read more

Alter Ego and Joint Partner Trusts

August 22, 2024 |Charles W. Cullen III
There are many tools that can be used for planning during your lifetime and beyond. One common approach is the alter ego or joint partner trust. Click to read on the benefits and drawbacks. For more details, please reach out. Click Here
Read more

Succession Planning for your Canadian Vacation Property

August 24, 2023 |Charles W. Cullen III
Vacation properties are often a source of great personal enjoyment and family memories. To keep the property within the family, there are various tax implications and strategies to be aware of that can be used in passing ownership onto the next generation...
Read more

When Should You Review Your Will or Estate Plan?

August 03, 2023 |Charles W. Cullen III
Most legal professionals recommend reviewing your estate plan every three to five years or any time you experience a major life event. For more information, please reach out. Click here
Read more

Optional Returns for a Deceased Individual

December 08, 2022 |Charles W. Cullen III
When someone passes, you may be able to reduce or eliminate tax by filing one or more optional returns in addition to the terminal return. This article outlines strategies, which may or may not be applicable to your circumstances. For more information...
Read more

Canadian Owners Renting or Selling U.S. Real Estate

July 26, 2022 |Charles W. Cullen III
Many Canadians own and rent U.S. real estate to escape cold Canadian winters. However, they should be made aware of the U.S. tax issues they will face while renting, while selling, and upon death. For more information, please reach out. Click Here
Read more

U.S. Estate Tax for Canadians

July 18, 2022 |John Donaldson
Many Canadians are unaware that owning U.S. property such as a U.S. listed equities or a condo in Florida may subject them to U.S. estate tax upon their death. This article focuses on different situations that will result in a U.S. tax return on death...
Read more

Wealth Planning Strategies During a Market Downturn

June 17, 2022 |Charles W. Cullen III
During periods of market stress it is very common to focus on potential changes to the portfolio. However, there are many tax, estate and financial planning opportunities to explore. In fact, certain strategies can be even more effective during a market...
Read more

Testamentary Trusts

June 03, 2022 |Charles W. Cullen III
It's common to distribute your assets on death outright to your loved ones. However, there are alternatives that may make sense depending on your situation. This article provides an overview of testamentary trusts and why you may want to consider adding...
Read more