Create a Website Workshops

Workshops for Online Marketing Websites

  • Workshop Primer
    • Registration & Course Outline
    • People Ask Me
    • WordPress Themes
  • About the Instructor
  • Contact
You are here: Home / Archives for age of majority

Adult Children: Entitled to Child Support Again?

November 26, 2013 by admin Leave a Comment

A client whose family matters were resolved nearly a decade ago recently called for a consultation. Enjoying a peaceful empty nest for the past four years, and counting down for a well deserved retirement next spring, he was worried to learn that his eldest daughter lost her job and is asking to come back to live with him. He’s wondering what his financial obligations are to his once independent daughter.
http://goo.gl/23AcOe

Filed Under: Search Engine Marketing Tagged With: actual financial needs, adult child, age of majority, anticipated inheritances, bursaries, capital assets, child support, child support calculated, Child Support Guidelines, child’s health, emotional support, family matters, financial ability, financial obligations, future education plans, grants, gross annual income, legal obligation, moral obligation, peaceful empty nest, pension, quarterly budget reviews, reasonable contribution, retirement lifestyle expectations, scholarships, standard automatic monthly amount, student loans, table amount of child support, tax liability, university child

Joint Ownership of Property with Children

November 5, 2013 by admin Leave a Comment

Some parents who may be sole owners of a house or cottage are considering sharing the ownership with their young child. While there may be sentimental or economic reasons for doing so, care must be taken to understand the full consequences of such a decision.

Important ramifications such as loss of tax credits for both the parent and child should be discussed with a tax lawyer or accountant.

If the parent is considering protecting assets in the midst of a separation, raise the consideration with your family law lawyer.

Below are the definitions of two common forms of land ownership to keep in mind when learning about some of the pros and cons of taking the step to change land ownership.
http://goo.gl/uqbjir

Filed Under: Search Engine Marketing Tagged With: age of majority, beneficiaries, cottage, estate administration fees, family law lawyer, family lineage, family members, family refinancing decisions, formerly probate fees, forms of land ownership, gross value of assets, highest valued asset, Home Buyer’s Plan, house, inheritance, Joint tenancy, Land Transfer Tax Credit, right of survivorship, small business, sole owners, tax accountant, tax credits, tax efficient result, tax lawyer, taxes payable, Tenancy in common, transfer of property

Recent Posts

  • The Importance of Tai Chi Principles for Health – Ji Hong Tai Chi Mississauga
  • One Tai Chi Student’s Perspective – Ji Hong Tai Chi Mississauga
  • Vital Energy Focused 神聚 – Ji Hong Tai Chi Mississauga
  • Energy is Whole 劲整 – Ji Hong Tai Chi Mississauga
  • Internal Force Converged 气敛 – Ji Hong Tai Chi Mississauga

Newsletter Sign Up

*  First Name:
*  Last Name:
*  Email:
*  Enter code:

Sign Up Form from inTouch Broadcast

Create a Website Workshops

20 Southport Street, Suite 518
Toronto, Ontario
M6S 4Y8

Copyright © 2023 · Enterprise Pro Theme on Genesis Framework · WordPress · Log in