Reference no: EM132969031
Have one son, aged 27. Their assets included the following:
-House ACB $125,000, FMV $450,000. Donald and Barb are joint tenants with right of survivorship.
-Cottage ACB $60,000, FMV $200,000. Donald and Barb are joint tenants with right of survivorship.
-$150,000 life insurance policy on Barb's life. Their 27-year old son is beneficiary.
-Barb's $120,000 RRSP. There is no beneficiary.
-Donald's $360,000 RRSP. Barb is named as beneficiary. Donald and Barb are reviewing their estate plan as they have not done so since their son was little. They want to minimize the amount of estate administration tax and tax on their estate. What three recommendations would you give to them to reduce EAT and taxes on their estate? Include the benefits and risks for each recommendation.
There is no calculations required for this question.
Cost of equity-based on the dividend growth model
: RWQ Company has 50,000 bonds outstanding. The bonds are selling at 92% of face value, ($1,000) have a 6% coupon rate, pay interest semi-annually. There are 100,
|
How is Kathy taxed on the distribution
: Gray distributes $6,000 to each shareholder on April 1, and it distributes another $3,000 to each shareholder on July 1. How is Kathy taxed on the distribution
|
What is the present value
: Question - What is the present value of $9,000 paid at the end of each of the next 86 years if the interest rate is 5% per? year
|
Advantages of the global staffing approach
: QUESTION 1: What are the advantages of the global staffing approach, explain in brief?
|
Minimize the amount of estate administration tax
: -House ACB $125,000, FMV $450,000. Donald and Barb are joint tenants with right of survivorship.
|
What is the current per share value of this stock
: The company plans to lower the dividend by $.30 each year for the next 3 years. What is the current per share value of this stock
|
What is the total effect on income for the quarter
: After storing the grapes for a short period of time, Gilbert was able to sell the entire harvest for P35,000. What is the total effect on income for the quarter
|
Are smokers protected group under human rights legislation
: Carefully read the following paragraph and provide your answer to each question. Minimum length for each answer is 10 lines. (You must type your answer here) Th
|
Develop a presentation of findings
: Use the web to research how the sport uses data and analytics to improve team performance or increase ticket sales to events.
|