..and the ongoing fight over his estate in the continuing saga over the estate of late actor, Robin Williams.
If you had $8 million dollars, what would you do with it?
Give it to charity? Pay off your debts?
Or maybe do something fun like travel the world?
The Jackson kids, Paris, Prince and Blanket, don’t have to wonder. Michael Jackson made certain that his children would be well taken care of in his Last Will and Testament!
They live your dream everyday! Click below to find out what they spend all that cash on:
Are you confused about your Canadian Pension Plan options?
Need more information on your retirement options and how the CCP works?
Check out the informative video below for more information:
We’ve written about the infamous feuds that have brewed over the death of famous celebrities, such as Whitney Houston, Michael Jackson and Amy Winehouse. The tragic passing of late actor and funny man Robin Williams is no exception. Read about the contentious battle over his estate below:
We’ve previously posted on Whitney Houston and how much her daughter is set to inherit, but in the event of a tragic passing, what will happen to Bobbi’s estate and inheritance? Click on the link to find out: Where is all that money going?
If you’re looking to plan your estate, you had better ensure that your finances are in order. How well do you arrange your daily finances? How often do you indulge? Do you consider yourself financially literate? Checkout this interesting article on financial literacy: Financially savvy, are you?
A Power of Attorney is an integral part of estate planning; it is a legal document which allows someone else the ability to act on your behalf to control your finances and assets. If you ever become incapacitated or unable to look after your finances, a Power of Attorney ensures that you won’t have to worry.
So, what would happen if you were suddenly given control over say, your elderly parents’ finances? What would you do? Would you know what your roles and duties as your parents’ Attorney would be?
Check out this informative article form MONEYSENSE for answers on overseeing your parents’ finances: Looking after Mom and Dad.
The federal government and all provinces allow a tax credit based on pension income received. The federal tax credit is 15 per cent of the lesser of $2,000 and the eligible pension income of the individual, while provincial percentages and limits vary.
The Canada Pension Plan (CPP) provides a number of benefits, the most significant of which is the retirement pension that forms an integral part of most Canadians’ financial plans for retirement. The Quebec Pension Plan (QPP) provides parallel benefits for Quebec residents. Every contributor to these government-sponsored pension plans will eventually need to make important decisions about when to begin receiving these valuable benefits.