U.S. Estate, Gift and generation-Skipping Transfer Tax

July 24, 2025 |Charles W. Cullen III
The U.S. tax system is composed of an income tax system and a transfer tax system. The transfer tax system includes a gift tax, an estate tax and a generation-skipping transfer tax. For more information, click the link - and for a more formal discussion...
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Canadian Owners Renting or Selling U.S. Real Estate

July 17, 2025 |Charles W. Cullen III
Looking to escape the long and cold winter, many Canadians are now called "snowbirds" - flocking to popular warm-climate destinations in the U.S. However, owners of these properties should be aware of the potential U.S. tax issues they may face. For more...
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Income Taxes at Death

May 08, 2025 |Charles W. Cullen III
As the legal representative for an estate, under the Income Tax Act, you’re responsible for filing all required tax returns for the deceased and making sure all taxes owing are paid. For information that may assist you in filling, click the link. For...
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Canadian Owners Renting or Selling U.S. Real Estate

March 13, 2025 |Charles W. Cullen III
Looking to escape the long and cold winter, many Canadians are now called "snowbirds" - flocking to popular warm-climate destinations in the U.S. However, owners of these properties should be aware of the potential U.S. tax issues they may face. For more...
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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...
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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...
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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
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