If your grandfather hated tax that much, he could have had everything in a corporation.. as long as someone pays the corp taxes and registration, the corporation can still go on without him around. He would had paid a lot less taxes too, especially since our culture worships "job creation" of corporations. Not to mention none of this probate stuff because a corporation never dies. only unregistered.
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Originally Posted by Zedbra
Don't forget that with no will in place, the province will temporarily "cease" assets through Probate, ensuring that they get their cut. As mentioned, if anyone in the family contests the assets, it can get messy and be held up for a very long time.
My grandfather hated paying the tax man, and when we found out he had terminal cancer, he did everything legal possible to allocate his assets so that the Province got very little. With cancerous blood sores and frail as can be, he said to me, "Son, let me tell you - the hardest thing in life is dying". He was referring to alluding the tax man and that memory still makes me smile.
Get a will.
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